https://www.taxtmi.com/caselaws?id=775219 The ITAT JAIPUR ruled in favor of the assessee regarding additions made under Section 153A for bogus Long Term Capital Gain and commission expenses. Following the SC precedent in Abhisar Buildwell (P.) Ltd, the tribunal held that without incriminating material found during search operations, the AO cannot make additions in completed assessments. The CIT(A) correctly deleted the additions but erred by directing the AO to initiate proceedings under Sections 147/148. The ITAT found this direction ultra vires, stating the CIT(A) exceeded authority by compelling further litigation after rightfully allowing the appeal. The tribunal emphasized legal finality principles, dismissing the revenue's appeal and allowing the assessee's cross-objection against the CIT(A)'s direction for reassessment proceedings. en-us Tue, 08 Jul 2025 00:00:00 +0530 Fri, 18 Jul 2025 10:49:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775219 The ITAT JAIPUR ruled in favor of the assessee regarding additions made under Section 153A for bogus Long Term Capital Gain and commission expenses. Following the SC precedent in Abhisar Buildwell (P.) Ltd, the tribunal held that without incriminating material found during search operations, the AO cannot make additions in completed assessments. The CIT(A) correctly deleted the additions but erred by directing the AO to initiate proceedings under Sections 147/148. The ITAT found this direction ultra vires, stating the CIT(A) exceeded authority by compelling further litigation after rightfully allowing the appeal. The tribunal emphasized legal finality principles, dismissing the revenue's appeal and allowing the assessee's cross-objection against the CIT(A)'s direction for reassessment proceedings. Case-Laws Income Tax Tue, 08 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775219