https://www.taxtmi.com/caselaws?id=458177 ITAT Mumbai allowed the assessee's appeal, deleting additions made under section 153A assessment. The tribunal held that AO cannot make additions without incriminating material found during search operations. Credit card expense additions based solely on Annual Information Return and commission income additions relying only on confessional statements of parties were deleted. Following Continental Warehousing Corporation and Abhisar Buildwell precedents, mere statements without corroborating incriminating material cannot sustain additions in search assessments. en-us Thu, 27 Jun 2024 00:00:00 +0530 Sat, 12 Oct 2024 08:36:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458177 ITAT Mumbai allowed the assessee's appeal, deleting additions made under section 153A assessment. The tribunal held that AO cannot make additions without incriminating material found during search operations. Credit card expense additions based solely on Annual Information Return and commission income additions relying only on confessional statements of parties were deleted. Following Continental Warehousing Corporation and Abhisar Buildwell precedents, mere statements without corroborating incriminating material cannot sustain additions in search assessments. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458177