https://www.taxtmi.com/caselaws?id=767990 The ITAT Jaipur set aside orders passed by ACIT under section 154 and CIT(A) regarding additions to assessee's income based solely on admissions made in a Settlement Commission application. The tribunal held that ACIT erred in making additions without referring to any incriminating material found during search and seizure operations. Following precedent from Anantanadh Construction Farms case, the tribunal ruled that confidential information submitted to Settlement Commission cannot form basis for assessment additions absent supporting incriminating evidence. The Settlement Commission application was deemed non-maintainable under section 245C(1) and never adjudicated on merits. en-us Mon, 24 Mar 2025 00:00:00 +0530 Fri, 28 Mar 2025 08:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767990 The ITAT Jaipur set aside orders passed by ACIT under section 154 and CIT(A) regarding additions to assessee's income based solely on admissions made in a Settlement Commission application. The tribunal held that ACIT erred in making additions without referring to any incriminating material found during search and seizure operations. Following precedent from Anantanadh Construction Farms case, the tribunal ruled that confidential information submitted to Settlement Commission cannot form basis for assessment additions absent supporting incriminating evidence. The Settlement Commission application was deemed non-maintainable under section 245C(1) and never adjudicated on merits. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767990