https://www.taxtmi.com/caselaws?id=766585 ITAT Lucknow ruled in favor of the assessee regarding additions made under section 153A of the IT Act. The tribunal found that no incriminating materials were discovered during the search under section 132, and no assessment proceedings were pending at the time of search on 08/07/2016. Following Supreme Court precedents in Abhisar Buildwell and Kabul Chawla cases, the tribunal categorized this as a completed/unabated assessment. The AO was directed to delete all additions made under section 68 regarding non-current liabilities. en-us Thu, 13 Feb 2025 00:00:00 +0530 Fri, 28 Feb 2025 08:23:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766585 ITAT Lucknow ruled in favor of the assessee regarding additions made under section 153A of the IT Act. The tribunal found that no incriminating materials were discovered during the search under section 132, and no assessment proceedings were pending at the time of search on 08/07/2016. Following Supreme Court precedents in Abhisar Buildwell and Kabul Chawla cases, the tribunal categorized this as a completed/unabated assessment. The AO was directed to delete all additions made under section 68 regarding non-current liabilities. Case-Laws Income Tax Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766585