https://www.taxtmi.com/caselaws?id=766033 ITAT Delhi ruled in favor of the assessee regarding bogus purchase transactions under section 153A assessment. The tribunal found that search findings pertaining to AY 2014-15 were not relevant to the current unabated assessment year. Since no incriminating material was discovered relating to the specific assessment year in question, and the original assessment under section 143(3) had already addressed the same transactions, the tribunal applied settled legal principle that additions cannot be made under section 153A without incriminating material for unabated years. Consequently, all additions made in the assessment order were deleted. en-us Wed, 12 Feb 2025 00:00:00 +0530 Sat, 15 Feb 2025 08:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766033 ITAT Delhi ruled in favor of the assessee regarding bogus purchase transactions under section 153A assessment. The tribunal found that search findings pertaining to AY 2014-15 were not relevant to the current unabated assessment year. Since no incriminating material was discovered relating to the specific assessment year in question, and the original assessment under section 143(3) had already addressed the same transactions, the tribunal applied settled legal principle that additions cannot be made under section 153A without incriminating material for unabated years. Consequently, all additions made in the assessment order were deleted. Case-Laws Income Tax Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766033