https://www.taxtmi.com/caselaws?id=763844 ITAT Jaipur ruled in favor of the assessee in an assessment under section 153A. The tribunal held that no additions can be made to completed assessments without incriminating material found during search operations. The decision was based on SC precedent in Principal Commissioner of Income Tax v. Abhisar Buildwell P. Ltd. and Rajasthan HC judgment in PCIT v. Esspal International P. Ltd., which established that additions cannot be made solely on retracted statements without supporting incriminating documents. The tribunal directed deletion of the contested addition. en-us Thu, 26 Dec 2024 00:00:00 +0530 Fri, 27 Dec 2024 12:04:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763844 ITAT Jaipur ruled in favor of the assessee in an assessment under section 153A. The tribunal held that no additions can be made to completed assessments without incriminating material found during search operations. The decision was based on SC precedent in Principal Commissioner of Income Tax v. Abhisar Buildwell P. Ltd. and Rajasthan HC judgment in PCIT v. Esspal International P. Ltd., which established that additions cannot be made solely on retracted statements without supporting incriminating documents. The tribunal directed deletion of the contested addition. Case-Laws Income Tax Thu, 26 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763844