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2022 (1) TMI 122 - AT - Income TaxAssessment u/s 153A - Transaction towards share capital and share application money by the assessee company from several entities are bogus - HELD THAT:- Since in the instant case, the addition is based on post-search investigations and not based on any incriminating materials found during the course of search in the case of the assessee and since the facts of the instant case are identical to the facts of the case decided by the coordinate Bench of the Tribunal in the case of Moon Beverages Ltd. [2020 (12) TMI 256 - ITAT DELHI] therefore, respectfully following the same, we hold that the notice issued for initiation of proceedings u/s. 153A and the assessment framed subsequently are without jurisdiction and deserves to be quashed. - Decided against revenue.
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