Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (6) TMI 50 - AT - Income TaxAssessment framed under sec. 153A/143(3) - Disallowance on account of deduction claimed under sec. 80IB - Held that:- Following the ratios laid down in Kabul Chawla (2015 (9) TMI 80 - DELHI HIGH COURT ) hold that the assessment framed under sec. 153A/143(3) of the Act questioned in the present case is not valid in absence of incriminating material found during the course of search and abatement of assessment and reassessment already framed on the date of search. The assessment is accordingly quashed as void-ab-initio. The issue is thus decided in favour of the assessee and the grounds involving the same are allowed. The merit of the disallowance of the claimed deduction under sec. 80IB of the Act questioned in the remaining ground has thus become infructuous. - Decided in favour of assessee
|