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2019 (7) TMI 1981 - AT - Income TaxAssessment u/s 153C - Unexplained deposit u/s. 68 - HELD THAT:- While dealing with the addition the Assessing Officer has mentioned that addition u/s. 68 was done on examination of balance-sheet. Similar is the position of addition of commission income. There is no whisper in the assessment order that any incriminating material was seized in respect of addition which has been done. It is clear that search was conducted and assessment year involved A.Y. 2010-11 was not abated assessment. Hence on the touchstone in the case of Continental Warehousing Corporation [2015 (5) TMI 656 - BOMBAY HIGH COURT] no addition was permissible dehorse incriminating material found. Since no incriminating material has been mentioned with respect to addition made, we set aside the orders of the authorities below and delete the addition. Decided in favour of assessee.
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