https://www.taxtmi.com/caselaws?id=466969 The article summarises an ITAT-Mumbai decision addressing admissibility of fresh claims in returns filed under section 153A for unabated/completed assessments, holding such fresh claims inadmissible and permitting their withdrawal. It also explains that additions in search-linked reassessments must be supported by incriminating material specific to the assessment year; in the reported instance WhatsApp and search material lacked year-specific relevance, so additions for alleged inflated capital expenditure and disallowance of TDS interest were set aside. Finally, it clarifies that adjustments to book profit for minimum alternate tax must follow the statutory scheme and cannot be made merely to mirror disallowances in normal proceedings. en-us Mon, 24 Feb 2025 00:00:00 +0530 Wed, 25 Feb 2026 15:33:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466969 The article summarises an ITAT-Mumbai decision addressing admissibility of fresh claims in returns filed under section 153A for unabated/completed assessments, holding such fresh claims inadmissible and permitting their withdrawal. It also explains that additions in search-linked reassessments must be supported by incriminating material specific to the assessment year; in the reported instance WhatsApp and search material lacked year-specific relevance, so additions for alleged inflated capital expenditure and disallowance of TDS interest were set aside. Finally, it clarifies that adjustments to book profit for minimum alternate tax must follow the statutory scheme and cannot be made merely to mirror disallowances in normal proceedings. Case-Laws Income Tax Mon, 24 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466969