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2022 (12) TMI 1092 - AT - Income TaxAssessment u/s 153A - addition of penny stocks LTCG - incriminating material found during search or not ? - HELD THAT:- We find that this is an unabated assessment. Hence, de hors incriminating material, addition is not sustainable in assessment u/s 153A. This issue is duly decided by Hon’ble Delhi High Court in the case of CIT vs. Kabul Chawla [2015 (9) TMI 80 - DELHI HIGH COURT] - Other decisions referred by ld. CIT (A) are also germane. Accordingly, following the precedent, we do not find any infirmity in the order of the ld. CIT (A). Accordingly, we uphold the same. Appeal filed by the Revenue stands dismissed.
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