https://www.taxtmi.com/caselaws?id=754818 ITAT Delhi dismissed revenue's appeal challenging CIT(A)'s deletion of unexplained advance addition under section 68 in assessment under section 153A. CIT(A) had called for remand report and found no incriminating material during search and seizure operation. ITAT upheld CIT(A)'s order, citing SC precedent in Abhisar Buildwell case that additions under section 68 cannot be made without incriminating material. Revenue's appeal was dismissed as CIT(A)'s findings were justified. en-us Thu, 27 Jun 2024 00:00:00 +0530 Mon, 01 Jul 2024 08:32:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754818 ITAT Delhi dismissed revenue's appeal challenging CIT(A)'s deletion of unexplained advance addition under section 68 in assessment under section 153A. CIT(A) had called for remand report and found no incriminating material during search and seizure operation. ITAT upheld CIT(A)'s order, citing SC precedent in Abhisar Buildwell case that additions under section 68 cannot be made without incriminating material. Revenue's appeal was dismissed as CIT(A)'s findings were justified. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754818