https://www.taxtmi.com/caselaws?id=762390 ITAT Delhi ruled in favor of the assessee regarding addition under section 153A without incriminating documents. The only seized document was a shareholders list available in public domain, which CIT(A) correctly determined was not incriminating. The addition under section 56(2)(viii)(c) for share pricing differences lacked supporting incriminating material from search proceedings. Following Supreme Court precedent in Abhisar Buildwell, assessments under section 153A for unabated years require incriminating material found during search. Since no such material existed, ITAT directed deletion of the addition. en-us Thu, 28 Nov 2024 00:00:00 +0530 Fri, 29 Nov 2024 17:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762390 ITAT Delhi ruled in favor of the assessee regarding addition under section 153A without incriminating documents. The only seized document was a shareholders list available in public domain, which CIT(A) correctly determined was not incriminating. The addition under section 56(2)(viii)(c) for share pricing differences lacked supporting incriminating material from search proceedings. Following Supreme Court precedent in Abhisar Buildwell, assessments under section 153A for unabated years require incriminating material found during search. Since no such material existed, ITAT directed deletion of the addition. Case-Laws Income Tax Thu, 28 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762390