https://www.taxtmi.com/caselaws?id=753806 ITAT Delhi allowed assessee's appeal challenging assessment u/s 153A. The tribunal held that completed assessments can only be interfered with based on incriminating material found during search proceedings. Following SC precedents in Meeta Gutgutia and Pr. CIT v. Abhisar Buildwell, and Delhi HC in Kabul Chawla, the tribunal found that AO failed to refer to any incriminating documents seized during search conducted on 20.04.2017. Since additions u/s 68 were not based on material found during search, the assessment was invalid. Revenue could not prove additions were based on seized material, confirming CIT(A)'s order. en-us Fri, 15 Mar 2024 00:00:00 +0530 Mon, 10 Jun 2024 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753806 ITAT Delhi allowed assessee's appeal challenging assessment u/s 153A. The tribunal held that completed assessments can only be interfered with based on incriminating material found during search proceedings. Following SC precedents in Meeta Gutgutia and Pr. CIT v. Abhisar Buildwell, and Delhi HC in Kabul Chawla, the tribunal found that AO failed to refer to any incriminating documents seized during search conducted on 20.04.2017. Since additions u/s 68 were not based on material found during search, the assessment was invalid. Revenue could not prove additions were based on seized material, confirming CIT(A)'s order. Case-Laws Income Tax Fri, 15 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753806