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2018 (2) TMI 270 - ITAT DELHIValidity of assessment u/s. 153A - incriminating material or evidence found - Held that:- No incriminating material or evidence had been found during the course of search so as to doubt the transactions. It was noted that in the entire assessment order, the AO has not referred to any seized material or other material for the year under consideration having being found during the course of search in the case of assessee, leave alone the question of any incriminating material for the year under appeal. Therefore, the action of the AO is based upon conjectures and surmises and hence, the additions made is not sustainable in the eyes of law, because this issue in dispute is now no more res-integra, in view of the decision in the case Commissioner of Income Tax vs. Kabul Chawla reported (2015 (9) TMI 80 - DELHI HIGH COURT) - Decided in favour of assessee.
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