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2023 (2) TMI 127 - ORISSA HIGH COURTAssessment u/s 153A - Addition u/s 68 - Failure to prove the identity and creditworthiness of the aforementioned company - incriminating material as found during the course of search or not? - HELD THAT:- Assessment under Section 153A of the Act had been made on the basis of the books of account of the Assessee without referring to any material found during the course of search. Relying on the decision of the High Court of Delhi in CIT (Central)-III v. Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] additions could not be sustained. Decided in favour of the Assessee and against the Department.
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