https://www.taxtmi.com/caselaws?id=752102 ITAT Delhi partially allowed the assessee's appeal in a section 153A assessment case. The tribunal upheld additions under section 69 for agricultural land purchases where incriminating materials were found during search, following Supreme Court precedent in Abhisar Buildwell. However, it directed adjustment of payments made from legitimate bank withdrawals to farmers. Other additions made without connection to search materials were deleted as they lacked basis in incriminating evidence found during the search operation. en-us Tue, 30 Apr 2024 00:00:00 +0530 Fri, 03 May 2024 09:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752102 ITAT Delhi partially allowed the assessee's appeal in a section 153A assessment case. The tribunal upheld additions under section 69 for agricultural land purchases where incriminating materials were found during search, following Supreme Court precedent in Abhisar Buildwell. However, it directed adjustment of payments made from legitimate bank withdrawals to farmers. Other additions made without connection to search materials were deleted as they lacked basis in incriminating evidence found during the search operation. Case-Laws Income Tax Tue, 30 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752102