Assessment u/s 153A - Undisclosed sales - CIT(A) had made ...

CIT(A) Rules No Incriminating Evidence in Section 153A Search; Deletes Undisclosed Sales Additions Favoring Assessee.

February 1, 2022

Case Laws     Income Tax     AT

Assessment u/s 153A - Undisclosed sales - CIT(A) had made detailed discussion on facts and recorded the finding that no incriminating evidence material was found during the course of search operation and also the contention of the learned Counsel for the assessee that letters relied upon by Assessing Officer were not made available to assessee during the course of assessment proceedings and to the CIT(A) during the course of appeal hearings as such on that basis, ld. CIT(A) should have also deleted the addition of undisclosed sales - Decided in favour of assessee. - AT

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