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2016 (9) TMI 745 - AT - Income TaxAssessment u/s 153A - Addition u/s 68 - Held that:- Respectfully following the binding precedents of the Hon’ble Jurisdictional High Court in CIT vs. Kabul Chawla (2015 (9) TMI 80 - DELHI HIGH COURT) and in Principal Commissioner of Income Tax v/s. Kurele Paper Mills P. Ltd. (2015 (9) TMI 115 - DELHI HIGH COURT ) we dismiss appeal of Revenue, as the addition u/s. 68 of the I.T. Act, 1961 as unexplained investment in the share application money was not made, based on any incriminating material found or seized during the course of search; and the additions are beyond the scope of provisions of Section 153A of the Act. Hence, the impugned order does not require any interference on our part - Decided in favour of assessee
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