https://www.taxtmi.com/caselaws?id=450987 ITAT Delhi held that completed assessments can only be interfered with under section 153A based on incriminating material found during search. The assessee's statement recorded during search was retracted and not corroborated by any incriminating material. Following SC precedents in Meeta Gutgutia and Kabul Chawla cases, the tribunal found no incriminating documents were seized or relied upon by AO for additions made in completed assessments. Since revenue failed to prove additions were based on material found during search under section 132, the appeal was decided against revenue and in favor of assessee. en-us Thu, 14 Mar 2024 00:00:00 +0530 Mon, 10 Jun 2024 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450987 ITAT Delhi held that completed assessments can only be interfered with under section 153A based on incriminating material found during search. The assessee's statement recorded during search was retracted and not corroborated by any incriminating material. Following SC precedents in Meeta Gutgutia and Kabul Chawla cases, the tribunal found no incriminating documents were seized or relied upon by AO for additions made in completed assessments. Since revenue failed to prove additions were based on material found during search under section 132, the appeal was decided against revenue and in favor of assessee. Case-Laws Income Tax Thu, 14 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450987