[aaykarbhavan] Addition cannot be made u/s 153A when no material evidence found during search: MUMBAI ITAT

- ITAT MUMBAI - Income Tax

Mr. Vinay Chhadwa Versus Asstt. Commissioner of Income Tax

Whether addition can be made u/s 153A when no material evidence found during search - Held that:- Following All Cargo Global Logistics Ltd. v/s DCIT ITAT MUMBAI(SB)] - Once no material has been found at the time of search and the earlier assessment order has attained finality, then no addition can be made in the assessment order passed under section 153A - If the material has been considered in the course of original assessment proceedings, then without any further incriminating material, addition cannot be made in the assessment order passed under section 153A - Decided in favor of assessee

 

Regards

Prarthana Jalan

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