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of <h1>ITAT Delhi Rules Section 153A Assessments Invalid Without Direct Incriminating Material Against Assessee Post-Search Operations.</h1> The Income Tax Appellate Tribunal (ITAT) in Delhi addressed the legitimacy of assessments under Section 153A of the Income Tax Act, 1961, following search and seizure operations. The case involved appeals against assessments made without incriminating material directly related to the assessee. The ITAT ruled that third-party statements from separate searches do not qualify as incriminating material against the assessee. The Tribunal quashed the additions and disallowances made by the Assessing Officer, emphasizing that valid assessments under Section 153A require incriminating material specifically linked to the assessee, thus protecting taxpayer rights and adhering to legal precedents.
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