Mechanical 153D Approval & No Incriminating Material – Delhi ITAT Quashes Entire 153A Assessments

Ritu Kapur Vs DCIT (ITAT Delhi) Mechanical 153D Approval & No Incriminating Material – Delhi ITAT Quashes Entire 153A Assessments In these cross-appeals arising out of search assessments u/s 153A, the Assessee challenged the additions made entirely on the basis of the statement of a third party (Raj Kumar Modi) without any incriminating material found during search on PMC Group to which the Assessee belonged. ITAT noted that the assessments for the relevant years were unabated; hence, as per the law laid down by the Supreme Court in Abhisar Buildwell (454 ITR 212), additions u/s 153A...