2019 (1) TMI 1082 - ITAT DELHI - Income Tax

Head Note / Extract:
Proceedings u/s 153A - Unexplained credit addition u/s 68 - proof on incriminating material find to make the additions - Held that:- Assessment u/s 153A was made by assessing officer after search and no any incriminating documents/papers seized during the search operation, therefore, without incriminating material the addition should not be made. Therefore, keeping in view the ratio decided in the case of Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] since there is no incriminating material unearthed during search in respect of the concluded assessments, no addition/disallowance could be made - Decided in favour of assessee.