2016 (12) TMI 1576

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..... viewed subsequently in Section 153A proceedings. Thus, having regard to the decision in Kabul Chawla (2015 (9) TMI 80 - DELHI HIGH COURT)in the absence of seizure of any incriminating material, the ITAT, in this Court’s opinion, did not fall into error in quashing the proceedings. The appeal is accordingly dismissed. - ITA 938/2016, CM Appl. 47139-47140/2016 - - - Dated:- 23-12-2016 - S. Ravind .....

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..... ess, based upon the existing material, the AO referred the matter to the TPO under Section 92C on the basis of an opinion that one of the transactions, i.e., advance to the Associated Enterprise on interest-free basis ought to have attracted an addition. The TPO, after conducting appropriate analysis, indicated his findings which resulted in an approved assessment order on the basis of findings in .....

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