Tax Tribunal Upholds Deduction Claim; Dismisses Additions Due to Lack of Evidence in Search and Assessment Dispute.

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....The ITAT addressed multiple issues related to the assessee's eligibility for deduction u/s 80IA and various additions made by the AO. The AO's assessment u/s 153A questioned the deduction u/s 80IA, but the ITAT upheld the assessee's claim, noting no incriminating material was found during the search. The ITAT also addressed alleged illegal payments, finding no corroborative evidence to support the claims. Additions u/s 68 related to share capital were dismissed as the transactions were independent of the assessee's involvement. Additional issues such as unrecorded cash transactions, subcontract payments, sale of Gitti, and other unaccounted transactions were also dismissed due to lack of corroborative evidence and retracted statements. The ITAT affirmed the CIT(A)'s decisions, granting relief to the assessee on all contested grounds.....