2025 (4) TMI 2072

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....ika Dhami, CIT DR ORDER PER C.N. PRASAD, J.M. This appeal is filed by the Assessee against the order of the Ld. CIT(Appeals)-29, New Delhi dated 28/06/2024 for the AY 201516 in sustaining the penalty levied u/s 271(1)(c) of the Act. 2. Ld. Counsel for the assessee, at the outset, submits that the additions made in the assessment order passed u/s 153A r.w.s. 143(3) of the Act were delet....

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....6 deleted the addition made in the assessment of the assessee for the reason that there were no incriminating material found from the assessee during the search and seizure proceedings and the material in the form of statement of third person was relied on in some other search operation for making the additions in the hands of the assessee. Therefore, since the quantum additions were deleted by th....