https://www.taxtmi.com/caselaws?id=760324 ITAT Delhi allowed the assessee's appeal against additions made under section 153A. The court held that additions based solely on an accountant's statement under section 132(4), which was derived from a director's confessional statement from a previous search, were unsustainable without demonstrable incriminating material found during the search. The tribunal emphasized that mere confessional statements cannot constitute incriminating material and that the legal foundation for section 153A additions requires actual incriminating material discovered during search operations. The additions were deemed impermissible in law. en-us Tue, 08 Oct 2024 00:00:00 +0530 Fri, 18 Oct 2024 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760324 ITAT Delhi allowed the assessee's appeal against additions made under section 153A. The court held that additions based solely on an accountant's statement under section 132(4), which was derived from a director's confessional statement from a previous search, were unsustainable without demonstrable incriminating material found during the search. The tribunal emphasized that mere confessional statements cannot constitute incriminating material and that the legal foundation for section 153A additions requires actual incriminating material discovered during search operations. The additions were deemed impermissible in law. Case-Laws Income Tax Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760324