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2016 (12) TMI 109 - AT - Income TaxAddition on disbelieving gift received - assessment u/s 143(3) r.w.s. 153A - Held that:- Addition made qua the gift received by the assessee de hors any material found during the course of search, cannot be roped in the assessment made under section 143(3) r.w.s. 153A of the Act by the AO. Accordingly, the addition of ₹ 2.25 crores made by the AO u/s 68 is to be deleted as the AO has no jurisdiction u/s 153A of the Act and the additional ground filed by the assessee is allowed. In view of our findings given above, we are not going into the merits of the case and addition as discussed by the AO as well as by the ld.CIT(A) as they have become purely academic. - Decided in favour of assessee
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