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2016 (11) TMI 1387 - AT - Income TaxAddition made under section 68 - assessments made under section 153A - Held that:- The Revenue could not bring on record any incriminating material suggesting for above addition. Therefore respectfully following the jurisdictional High Court decision in the case of All Cargo Global Logistics [2015 (5) TMI 656 - BOMBAY HIGH COURT] and CIT vs. Gurinder Singh Bawa [2015 (10) TMI 1761 - BOMBAY HIGH COURT ], we hold that the assessments made under section 153A for the assessment years 2006-07 and 2007-08 are bad in law as there is no incriminating material found in the course of search suggesting for making additions under section 68 of the Act in these two assessment years. - Decided in favour of assessee.
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