2017 (12) TMI 1578 - HC - Income Tax

Validity of assessment under Section 153A/143 - Held that - CIT (A) after considering the materials on record concluded that the so called incriminating materials, which were sought to be the basis for bringing the amounts to tax, were not really so. He accepted the arguments of the assessee on the merits. The Revenue s appeal and the assessee s cross appeal were dealt with by the impugned common order. The ITAT allowed the assessee s cross appeal and dismissed the Revenue s appeal based upon the decision of this Court in CIT v. Kabul Chawla 2015 (9) TMI 80 - DELHI HIGH COURT - No substantial question of law.

Summary

The High Court of Delhi dismissed the appeals related to a search assessment for AY 2006-07 as the incriminating materials were not found to be so, following the decision in CIT v. Kabul Chawla 380 ITR 573. No substantial question of law arose in the case.