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2023 (7) TMI 372 - ITAT DELHIAssessment u/s 153A - unexplained cash shortages - incriminating material found during the search - HELD THAT:- As evident from the above that the addition made by the A.O. which was sustained by the CIT(A) is without their being any incriminating material found during the search and the addition has been made only based on the personal cash book produced by the AR of the Assessee during the assessment proceedings. The judgment in the case of ABHISAR BUILDWELL P. LTD. [2023 (4) TMI 1056 - SUPREME COURT] is squarely applicable to the present case. Addition made by the A.O. in the absence of any incriminating material found during the search operation conducted u/s 132 is liable to be deleted. Decided in favour of assessee.
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