https://www.taxtmi.com/caselaws?id=753416 The ITAT Delhi allowed the assessee's appeal against additions made under sections 68 and undisclosed sources in an assessment under section 153A. The Tribunal held that the AO failed to identify any incriminating material found during the search to justify the additions. Following coordinate bench precedent and Delhi HC decisions in Kabul Chawla and Meeta Gutgutia cases, and relying on the SC judgment in Abhisar Build well P. Ltd., the Tribunal ruled that additions cannot be made to completed assessments without incriminating material discovered during search under section 132 or requisition under section 132A. en-us Wed, 29 May 2024 00:00:00 +0530 Thu, 30 May 2024 14:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753416 The ITAT Delhi allowed the assessee's appeal against additions made under sections 68 and undisclosed sources in an assessment under section 153A. The Tribunal held that the AO failed to identify any incriminating material found during the search to justify the additions. Following coordinate bench precedent and Delhi HC decisions in Kabul Chawla and Meeta Gutgutia cases, and relying on the SC judgment in Abhisar Build well P. Ltd., the Tribunal ruled that additions cannot be made to completed assessments without incriminating material discovered during search under section 132 or requisition under section 132A. Case-Laws Income Tax Wed, 29 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753416