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2019 (10) TMI 913 - AT - Income TaxAssessment u/s 153A - Addition u/s 68 as unexplained cash credits - HELD THAT:- Since the assessment for the year under consideration was not pending as on the date of search, there was no abatement and the addition made by the Assessing Officer in the unabated assessment completed under section 153A on account of share capital and share premium amount by treating the same as unexplained cash credit was not sustainable as the same was not made on the basis of any incriminating material found during the course of search. We accordingly uphold the impugned order of the ld. CIT(Appeals) deleting the said addition made by the Assessing Officer and dismiss this appeal of the Revenue. See M/s. Shantinath Financial Services Ltd. [2019 (10) TMI 878 - ITAT KOLKATA]
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