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2018 (6) TMI 156 - AT - Income TaxAssessment u/s 153A - Disallowance u/s 80IB - Disallowance u/s 40A(3) - Additions made u/s 68 for genuineness of the transactions - Proof of incriminating material found during the course of search - Held that:- Without any incriminating material found during the course of search, no additional income can be brought to tax in the assessment u/s 153A of the Act even where earlier assessments were concluded u/s 143(3) - following the judgement in case of COMMISSIONER OF INCOME TAX (CENTRAL) -III VERSUS KABUL CHAWLA [2015 (9) TMI 80 - DELHI HIGH COURT] the assessments u/s 153A for all the A.Ys are not sustainable and they are accordingly set aside - thus Revenue’s appeals against the relief granted by the CIT (A) u/s 80IB(10) are dismissed.
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