https://www.taxtmi.com/caselaws?id=773099 ITAT Delhi dismissed Revenue's appeal challenging deletion of addition made under Section 153A assessment. The addition was based on estimated unaccounted investment using loose documents found during search of third party, which were neither incriminating nor pertaining to the relevant assessment year. Following Supreme Court precedent in Abhisar Buildwell case, ITAT held that completed assessments cannot be reopened without incriminating material discovered during search under Section 132. The CIT(A)'s deletion of the addition was upheld as valid and proper. en-us Fri, 30 May 2025 00:00:00 +0530 Wed, 18 Jun 2025 09:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773099 ITAT Delhi dismissed Revenue's appeal challenging deletion of addition made under Section 153A assessment. The addition was based on estimated unaccounted investment using loose documents found during search of third party, which were neither incriminating nor pertaining to the relevant assessment year. Following Supreme Court precedent in Abhisar Buildwell case, ITAT held that completed assessments cannot be reopened without incriminating material discovered during search under Section 132. The CIT(A)'s deletion of the addition was upheld as valid and proper. Case-Laws Income Tax Fri, 30 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773099