2017 (8) TMI 1503

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..... e’s sister concern Dharampal Premchand Limited on the basis of the said search u/s 153A it was held by the ITAT that the material seized did not constitute incriminating material even qua the sister entity concerned. Indeed today by a separate order in the appeals filed by the Revenue against the order of the ITAT in the cases of the sister concern, this Court has concurred with the decision of .....

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..... an order dated 8th January, 2016 passed by the ITAT in ITA Nos.5611/Del/2013 5581/Del/2013 for AY 2004-05. On 30th January 2017 while admitting this appeal, the following question was framed for consideration: Whether in the circumstances of the case, the cancellation of the reassessment made pursuant to notice under Sections 147/148 of the Income Tax Act, 1961 in respect of the assessee fo .....

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..... concern Dharampal Premchand Limited on the basis of the said search under Section 153A of the Act it was held by the ITAT that the material seized did not constitute incriminating material even qua the sister entity concerned. 4. Indeed today by a separate order in the appeals filed by the Revenue against the order of the ITAT in the cases of the sister concern, this Court has concurred with t .....

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