https://www.taxtmi.com/caselaws?id=764031 ITAT Delhi upheld CIT(A)'s deletion of addition under section 68 in assessment under section 153A. The tribunal found that the addition was not based on incriminating material found during search but relied on third-party investigation report. Following Supreme Court precedent in Abhisar Buildwell case, ITAT held that additions under section 153A must be supported by incriminating material discovered during search operations. The appeal was decided in favor of the assessee. en-us Tue, 31 Dec 2024 00:00:00 +0530 Thu, 02 Jan 2025 08:13:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764031 ITAT Delhi upheld CIT(A)'s deletion of addition under section 68 in assessment under section 153A. The tribunal found that the addition was not based on incriminating material found during search but relied on third-party investigation report. Following Supreme Court precedent in Abhisar Buildwell case, ITAT held that additions under section 153A must be supported by incriminating material discovered during search operations. The appeal was decided in favor of the assessee. Case-Laws Income Tax Tue, 31 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764031