https://www.taxtmi.com/caselaws?id=450011 The ITAT Jodhpur allowed the assessee's appeal against additions made under section 153A assessment. The court held that in completed assessments during search proceedings, additions can only be made with corroborative material found during search. The addition was based solely on valuation report using CPWD rates and statements without any incriminating material. Following the SC precedent in Abhisar Buildwell P. Ltd, the court ruled that mere statements cannot justify additions in post-search assessments. The revenue failed to demonstrate incriminating material found during search, making the construction cost addition unsustainable and deserving deletion. en-us Tue, 20 Feb 2024 00:00:00 +0530 Fri, 23 Feb 2024 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450011 The ITAT Jodhpur allowed the assessee's appeal against additions made under section 153A assessment. The court held that in completed assessments during search proceedings, additions can only be made with corroborative material found during search. The addition was based solely on valuation report using CPWD rates and statements without any incriminating material. Following the SC precedent in Abhisar Buildwell P. Ltd, the court ruled that mere statements cannot justify additions in post-search assessments. The revenue failed to demonstrate incriminating material found during search, making the construction cost addition unsustainable and deserving deletion. Case-Laws Income Tax Tue, 20 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450011