2017 (6) TMI 169 - ITAT DELHI

Assumption of jurisdiction u/s.153C - non incriminating material found during the search and seizure Held that:- AO has completed the assessment and made the addition in dispute without any incriminating material found during the search and seizure operation and the addition in this case was purely based on the material already available on record, which is not sustainable in the eyes of law. See M/s GLOBAL REALTY CREATIONS LTD., (FORMERLY KNOWN AS M/s HIGHLAND DEVELOPERS PVT. LTD.) Versus DCIT, CENTRAL CIRCLE-12, ARA CENTRE, JHANDEWALAN EXTN., NEW DELHI [2017 (4) TMI 470 - ITAT DELHI] - Decided in favour of assessee.