The Tax Publishers2019 TaxPub(DT) 2387 (Ind-Trib)

INCOME TAX ACT, 1961

Section 153A

Unabated assessment could not be disturbed again under section 153A, in the absence of incriminating material unearthed during search.

Search and seizure - Assessment under section 153A - No incriminating material discovered during search -

AO, pursuant to search conducted at assessee's premises framed assessment under section 153A and made addition. Assessee challenged this on the ground that regular assessment for the year under consideration already stood concluded as on the date of search and no incriminating material was discovered during search. Held: Unabated assessment could not be disturbed again under section 153A, in the absence of incriminating material unearthed during search, therefore, addition was deleted.

Followed:CIT v. Vegetable Products (1973) 88 ITR 192 (SC) : 1973 TaxPub(DT) 421 (SC), CIT v. Kabul Chawla (2016) 380 ITR 573 (Del) : 2015 TaxPub(DT) 3486 (Del-HC), Pr.CIT v. Meeta Gutgutia (2017) 395 ITR 526 (Del) : 2017 TaxPub(DT) 1767 (Del-HC) and Pr.CIT v. Soumya Constructions (2016) 387 ITR 529 (Guj) : 2016 TaxPub(DT) 3466 (Guj-HC).

REFERRED : CIT v. Continental Warehousing Corporation (2015) 120 DTR (Bom) 89 : 2015 TaxPub(DT) 2182 (Bom-HC) and Sainath Colonisers v. Asstt. CIT (Central)-II Bhopal in IT(SS)A Nos. 289 to 291/Ind/2017, dated 28-2-2019.

FAVOUR : In assessee's favour.

A.Y. : 2008-09 to 2012-13



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