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2023 (2) TMI 85 - AT - Income TaxRevision u/s 263 - validity of Assessment u/s 153A - disallowances on account of court case fine and motor car depreciation - HELD THAT:- We are of the considered opinion in the absence of any incriminating materials seized by the Department during the course of search action u/s. 132, no addition can be made by the Assessing Officer in 153A proceedings. Thus the above proposed additions made by the Ld. PCIT in his Revision order, has no link or nexus with any seized materials recovered in the premises of the assessee during the course of search. Thus the entire Revision proceedings initiated by the Ld. PCIT is against the provisions of law and therefore the same is quashed. - Decided in favour of assessee.
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