https://www.taxtmi.com/caselaws?id=752795 ITAT Delhi dismissed Revenue's appeal in Section 153A assessment proceedings. Following Kabul Chawla precedent, the tribunal held that additions under Section 69A for unexplained money are permissible only when based on incriminating material found during search. Since no incriminating material was discovered or referenced in the assessment order for the completed/unabated assessment year, the AO lacked authority to make such additions. The CIT(A)'s findings were upheld. en-us Fri, 26 Apr 2024 00:00:00 +0530 Fri, 17 May 2024 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752795 ITAT Delhi dismissed Revenue's appeal in Section 153A assessment proceedings. Following Kabul Chawla precedent, the tribunal held that additions under Section 69A for unexplained money are permissible only when based on incriminating material found during search. Since no incriminating material was discovered or referenced in the assessment order for the completed/unabated assessment year, the AO lacked authority to make such additions. The CIT(A)'s findings were upheld. Case-Laws Income Tax Fri, 26 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752795