Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
⚠️ This portal will be discontinued on 31-07-2025
If you encounter any issues or problems while using the new portal,
please
let us know via our feedback form
so we can address them promptly.
Home
2020 (2) TMI 786 - AT - Income TaxAssessment u/s 153A - proof of incriminating material found in search - addition u/s 68 - A.O. on the basis of statement of accommodation entry provider - HELD THAT - As no incriminating material was found during the course of search we are of the view that the facts of the present case are identical to the facts involved in the case of Shri Brij Bhushan Singal Others 2018 (10) TMI 1635 - ITAT DELHI wherein the similar issue has been decided stating that CIT(A) enhanced the income in the absence of any incriminating material found during the course of search and considered a new source of income which was outside the subject matter of the assessment framed by the AO or the grounds agitated by the assessee in its appeal before the ld. CIT(A). Therefore the enhancement made u/s 153A r.w.s. 251 of the Act was not justified and accordingly the same is deleted. - Decided in favour of assessee.
|