https://www.taxtmi.com/caselaws?id=758126 The Bombay HC upheld the Tribunal's decision that the AO cannot make additions under Section 153A without reference to seized incriminating material during search operations. The court relied on Continental Warehousing Corporation precedent and noted the issue was covered by the SC's Abhisar Buildwell decision. The revenue's questions of law required no further consideration. However, the court clarified that completed/unaudited assessments may be reopened under Sections 147/148 subject to statutory conditions, keeping all parties' contentions open on this aspect. The decision was against the revenue. en-us Wed, 28 Aug 2024 00:00:00 +0530 Fri, 06 Sep 2024 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758126 The Bombay HC upheld the Tribunal's decision that the AO cannot make additions under Section 153A without reference to seized incriminating material during search operations. The court relied on Continental Warehousing Corporation precedent and noted the issue was covered by the SC's Abhisar Buildwell decision. The revenue's questions of law required no further consideration. However, the court clarified that completed/unaudited assessments may be reopened under Sections 147/148 subject to statutory conditions, keeping all parties' contentions open on this aspect. The decision was against the revenue. Case-Laws Income Tax Wed, 28 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758126