https://www.taxtmi.com/caselaws?id=780860 ITAT MUMBAI - AT upheld the CIT(A)'s deletion of additions made under s.153A r.w.s.143(3), holding the original assessment was final at the time of search and no incriminating material was found or seized. Additions based solely on the Project Falcon report and post-search investigations were invalid for a completed/unabated assessment. The Tribunal followed the SC precedent in Abhisar Buildwell and HC/tribunal precedents that regular books/statements are not incriminating material. Revenue's grounds were dismissed and the s.153A assessment was held void ab initio for want of incriminating material. en-us Thu, 09 Oct 2025 00:00:00 +0530 Wed, 05 Nov 2025 14:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780860 ITAT MUMBAI - AT upheld the CIT(A)'s deletion of additions made under s.153A r.w.s.143(3), holding the original assessment was final at the time of search and no incriminating material was found or seized. Additions based solely on the Project Falcon report and post-search investigations were invalid for a completed/unabated assessment. The Tribunal followed the SC precedent in Abhisar Buildwell and HC/tribunal precedents that regular books/statements are not incriminating material. Revenue's grounds were dismissed and the s.153A assessment was held void ab initio for want of incriminating material. Case-Laws Income Tax Thu, 09 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780860