2023 (10) TMI 1447

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..... 132 against the Surya Vinayak Group, which included the assessee, concerning the aforementioned AYs. Notably, the decision of the coordinate bench of this court in Kabul Chawla [ 2015 (9) TMI 80 - DELHI HIGH COURT ] has been affirmed by the Supreme Court in Principal of Income Tax vs. Abhisar Buildwell [ 2023 (4) TMI 1056 - SUPREME COURT ] Given the aforesaid position, according to us, no substan .....

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..... s) [in short, CIT(A)] order dated 25.03.2011 based on a view taken qua a legal issue. 4. The Tribunal found that in respect of the aforementioned AYs in which assessments were completed, no incriminating material had been found. 4.1 In support of its conclusion that additions made were unsustainable in view what is adverted to hereinabove, the Tribunal, inter alia, relied upon the judgment rendere .....

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..... riminating material or evidence had been found during the course of search so as to doubt the transactions. It was noted that in the entire assessment order, the AO has not referred to any seized material or other material for the year under consideration having being found during the course of search in the case of assessee, leave alone the question of any incriminating material for the year unde .....

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