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2016 (12) TMI 1576 - HC - Income TaxValidity of proceeding under Section 153A - advance to the Associated Enterprise on interest-free basis ought to have attracted an addition - Held that:- The scrutiny assessments concluded earlier were based upon queries. The assessee had disclosed all the materials which came to be reviewed subsequently in Section 153A proceedings. Thus, having regard to the decision in Kabul Chawla (2015 (9) TMI 80 - DELHI HIGH COURT)in the absence of seizure of any incriminating material, the ITAT, in this Court’s opinion, did not fall into error in quashing the proceedings. The appeal is accordingly dismissed.
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