2016 (10) TMI 1033

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....t Kumar Gupta, Monika Ghai ORDER The revenue's grievance is with respect to the ITAT's impugned order deleting the additions made consequent to an assessment pursuant to search and seizure proceedings under Section 153A. The search and seizure proceedings in respect of the assessee were carried out on 26.09.2011. The AO issued notice under Section 153A and in the final assessment completed on 0....

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....paid amounts in excess of Rs. 20,000/- in cash. This court is of the opinion that the revenue's contentions are insubstantial. Unlike Section 148 which permits re-assessment for a completed previous year, in case tangible material available subsequently and which also further distinguishes between the return filed under Section 143(1) on the one hand and the scrutiny assessment on the other hand ....