https://www.taxtmi.com/caselaws?id=465076 ITAT Delhi-AT, in proceedings u/s 153A, held that additions for (i) alleged undisclosed income from transfer of development rights based solely on the DVO's valuation vis-à-vis book value, and (ii) disallowance u/s 40(a)(ia) for non-deduction of TDS on EDC payments to a development authority, were unsustainable in absence of any incriminating material found during search. Since the assessment years were concluded assessments and no seized material supported these additions, they were held beyond the scope of s.153A. The Revenue's appeal was dismissed in entirety. en-us Wed, 31 Jan 2024 00:00:00 +0530 Thu, 04 Dec 2025 19:01:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465076 ITAT Delhi-AT, in proceedings u/s 153A, held that additions for (i) alleged undisclosed income from transfer of development rights based solely on the DVO's valuation vis-à-vis book value, and (ii) disallowance u/s 40(a)(ia) for non-deduction of TDS on EDC payments to a development authority, were unsustainable in absence of any incriminating material found during search. Since the assessment years were concluded assessments and no seized material supported these additions, they were held beyond the scope of s.153A. The Revenue's appeal was dismissed in entirety. Case-Laws Income Tax Wed, 31 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465076