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2018 (12) TMI 1266 - AT - Income TaxAssessment u/s 153A - Addition u/s 68 on account of unexplained cash credits - Held that:- CIT (DR) failed to establish that the additions made in the case of Assessee were based on any incriminating material found in the course of search U/s 132 of I.T. Act. On perusal of the Assessment Orders and on further perusal of impugned appellate orders of Ld. CIT(A), it is found that nowhere it is the case of Revenue that the aforesaid additions made in the Assessment Order were based on any incriminating material found in the course of search U/s 132 of I.T. Act. It is also not in dispute that no assessments were pending in the case of any of the three assessee on the date of search u/s 132 of I.T.Act. Thus additions to be deleted - Decided in favour of assessee.
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