https://www.taxtmi.com/caselaws?id=445914 ITAT Delhi dismissed Revenue's appeal regarding assessment under section 153A and addition under section 68. The tribunal held that additions under section 153A cannot be made without incriminating material gathered during search operations. The court emphasized that incriminating material must be recovered during search for each assessment year to frame assessment under section 153A. The decision was supported by multiple precedents including cases from Delhi HC and SC. The CIT(A)'s ruling that prohibited additions without incriminating material was upheld, confirming the legal requirement for concrete evidence from search operations before making assessments. en-us Fri, 17 Nov 2023 00:00:00 +0530 Wed, 22 Nov 2023 08:12:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445914 ITAT Delhi dismissed Revenue's appeal regarding assessment under section 153A and addition under section 68. The tribunal held that additions under section 153A cannot be made without incriminating material gathered during search operations. The court emphasized that incriminating material must be recovered during search for each assessment year to frame assessment under section 153A. The decision was supported by multiple precedents including cases from Delhi HC and SC. The CIT(A)'s ruling that prohibited additions without incriminating material was upheld, confirming the legal requirement for concrete evidence from search operations before making assessments. Case-Laws Income Tax Fri, 17 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445914