https://www.taxtmi.com/highlights?id=78104 The ITAT Delhi addressed the validity of additions in an assessment u/s 153A without incriminating material post a search u/s 132. Citing Abhisar Buildwell (P) Ltd., the Tribunal held that if no incriminating material is found during a search, the AO cannot assess or reassess completed/unabated assessments. Consequently, additions made without such material cannot stand. The Tribunal deleted the additions by the AO, including commission income, as they lacked a basis in incriminating material. Ground no. 1 was allowed in favor of the assessee. en-us Tue, 04 Jun 2024 08:04:00 +0530 Tue, 04 Jun 2024 08:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=78104 The ITAT Delhi addressed the validity of additions in an assessment u/s 153A without incriminating material post a search u/s 132. Citing Abhisar Buildwell (P) Ltd., the Tribunal held that if no incriminating material is found during a search, the AO cannot assess or reassess completed/unabated assessments. Consequently, additions made without such material cannot stand. The Tribunal deleted the additions by the AO, including commission income, as they lacked a basis in incriminating material. Ground no. 1 was allowed in favor of the assessee. Highlights Income Tax Tue, 04 Jun 2024 08:04:00 +0530 https://www.taxtmi.com/highlights?id=78104