https://www.taxtmi.com/caselaws?id=776340 The ITAT Kolkata held that in an unabated assessment framed under section 143(3) read with section 153A, the AO cannot make additions without incriminating material seized during the search. The CIT(A) correctly found no such material relating to share capital or share premium was seized. The tribunal relied on the SC ruling in Abhisar Buildwell P. Ltd., which confirmed that no additions can be made under section 153A in non-abated assessments absent incriminating search material. Consequently, the AO's additions were disallowed and the assessee's cross-objection was allowed. en-us Mon, 06 Jan 2025 00:00:00 +0530 Fri, 08 Aug 2025 05:20:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776340 The ITAT Kolkata held that in an unabated assessment framed under section 143(3) read with section 153A, the AO cannot make additions without incriminating material seized during the search. The CIT(A) correctly found no such material relating to share capital or share premium was seized. The tribunal relied on the SC ruling in Abhisar Buildwell P. Ltd., which confirmed that no additions can be made under section 153A in non-abated assessments absent incriminating search material. Consequently, the AO's additions were disallowed and the assessee's cross-objection was allowed. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776340