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2020 (2) TMI 158 - AT - Income TaxAssessment u/s 153A - AO's power to reassess returns of assessee for undisclosed income, which was found during search operation And with regard to material that was available at time of original assessment - Addition of Reduction of value of stock/inventory on account of brokerage and compensation - assessee failed to substantiate the above expenses u/s.37(1) either at the assessment stage or at the appellate stage - HELD THAT:- . Since in the present case both the above additions are admittedly made during the course of inquiries at assessment stage under section 153A and original assessment was already completed on 25.07.2009 by proceeding the return under section 143(1), therefore, issue is covered by Judgments of Hon’ble Delhi High Court in the case of CIT vs., Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] and Pr. CIT vs., Meeta Gut Gutia [2017 (5) TMI 1224 - DELHI HIGH COURT] . The Departmental appeal stand dismissed.
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