https://www.taxtmi.com/caselaws?id=447119 ITAT Chandigarh allowed the assessee's appeal and deleted additions made under section 153A based solely on DVO report. The tribunal held that without incriminating material found during search and with original assessment already completed, no additions could be made. The DVO reference was invalid as no incriminating material triggered it, and the report relied on pure estimation using inflated CPWD rates. Since the company's business had not commenced and construction was funded by shareholder capital, no undisclosed income existed to justify additions. en-us Thu, 12 Oct 2023 00:00:00 +0530 Mon, 04 Mar 2024 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447119 ITAT Chandigarh allowed the assessee's appeal and deleted additions made under section 153A based solely on DVO report. The tribunal held that without incriminating material found during search and with original assessment already completed, no additions could be made. The DVO reference was invalid as no incriminating material triggered it, and the report relied on pure estimation using inflated CPWD rates. Since the company's business had not commenced and construction was funded by shareholder capital, no undisclosed income existed to justify additions. Case-Laws Income Tax Thu, 12 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447119