Assessment u/s 153A - Addition u/s 41(1) - No material was ...

Invalid Assessment u/s 153A: No Incriminating Material Found, Section 41(1) Addition Deemed Illegal and Unsustainable.

July 16, 2019

Case Laws Income Tax HC

Assessment u/s 153A - Addition u/s 41(1) - No material was recovered during search which could have been treated as incriminating material and would be a base for supporting the action u/s 153(C) - the addition on account of Cessation of liability u/sn 41(1) is illegal, in valid and not sustainable in the eye of law and If such course is permitted it would amount to reopening assessment without any new material - not permissible

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Assessment u/s 153A - Addition u/s 41(1) - No material was ...

Invalid Assessment u/s 153A: No Incriminating Material Found, Section 41(1) Addition Deemed Illegal and Unsustainable.

July 16, 2019

Case Laws Income Tax HC

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