Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2011 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (9) TMI 50 - AT - Income TaxAddition - Block assessment - Under section 158BC read with section 158BD and section 144 of the Income-tax Act, 1961 - Held that: - whether regular assessment is actually made or not or whether any addition in regular assessment is actually made or not is also not relevant and if any addition is required to be made in regular assessment, it cannot be added in block assessment only for this reason that no regular assessment was made or that no addition was made in such regular assessment. No addition is justified in the present case, either in respect of deposits in various bank accounts or various other additions made by the Assessing Officer, which are not relatable to any evidence found in course of search. In the absence of any incriminating material having been found in course of search, there is no basis to make any addition in the hands of any other person also under chapter XIV-B - Hence, the additions made is deleted - Decided in favour of assessee.
|