https://www.taxtmi.com/caselaws?id=450048 ITAT Delhi held that assumption of jurisdiction under section 153C was invalid where seized material disclosed no unaccounted income of the assessee. The AO made additions based on materials other than the incriminating material referenced in the satisfaction note (trust deed). Following Abhisar Buildwell SC precedent, the tribunal ruled that in unabated assessments, additions cannot be made without incriminating material from search operations. All additions were deleted and decided in favor of the assessee. en-us Thu, 22 Feb 2024 00:00:00 +0530 Mon, 26 Feb 2024 07:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450048 ITAT Delhi held that assumption of jurisdiction under section 153C was invalid where seized material disclosed no unaccounted income of the assessee. The AO made additions based on materials other than the incriminating material referenced in the satisfaction note (trust deed). Following Abhisar Buildwell SC precedent, the tribunal ruled that in unabated assessments, additions cannot be made without incriminating material from search operations. All additions were deleted and decided in favor of the assessee. Case-Laws Income Tax Thu, 22 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450048