https://www.taxtmi.com/highlights?id=79187 Assessment u/s 153A - Addition of undisclosed income - Contract between assessee and non-resident entity for sharing profits from supply of currency paper to RBI - No incriminating material found during search and seizure - Agreement terminated in 2012 and assessee became non-resident from 2015-16 onwards - Receipts from foreign entities pertain to later years - Revenue unable to establish link between payments and terminated agreement - ITAT rightly deleted additions based on lack of incriminating evidence - No substantial questions of law arise. en-us Sat, 06 Jul 2024 08:24:42 +0530 Sat, 06 Jul 2024 08:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79187 Assessment u/s 153A - Addition of undisclosed income - Contract between assessee and non-resident entity for sharing profits from supply of currency paper to RBI - No incriminating material found during search and seizure - Agreement terminated in 2012 and assessee became non-resident from 2015-16 onwards - Receipts from foreign entities pertain to later years - Revenue unable to establish link between payments and terminated agreement - ITAT rightly deleted additions based on lack of incriminating evidence - No substantial questions of law arise. Highlights Income Tax Sat, 06 Jul 2024 08:24:42 +0530 https://www.taxtmi.com/highlights?id=79187