https://www.taxtmi.com/caselaws?id=766700 ITAT Ahmedabad set aside Pr.CIT's revision order under section 263, holding the assessment under section 153A was valid. Following SC precedent in Abhisar Buildwell P. Ltd., search assessments must be restricted to incriminating material found during search for unabated assessment years. Since the disputed issue regarding source of investment in immovable property did not arise from search evidence, AO was not required to inquire into it during assessment proceedings. The tribunal found no error in the original assessment order. en-us Thu, 27 Feb 2025 00:00:00 +0530 Mon, 03 Mar 2025 08:22:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766700 ITAT Ahmedabad set aside Pr.CIT's revision order under section 263, holding the assessment under section 153A was valid. Following SC precedent in Abhisar Buildwell P. Ltd., search assessments must be restricted to incriminating material found during search for unabated assessment years. Since the disputed issue regarding source of investment in immovable property did not arise from search evidence, AO was not required to inquire into it during assessment proceedings. The tribunal found no error in the original assessment order. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766700