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No Incriminating Material, No Addition in Section 153A Assessments
Case Law Details
- Case Name
- DCIT Vs Ashok B. Jiwrajka (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Mumbai
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DCIT Vs Ashok B. Jiwrajka (ITAT Mumbai)
No Incriminating Material, No s.153A Addition: ITAT Mumbai Quashes Penny-Stock LTCG Additions in Search Cases
ITAT Mumbai (A Bench) in DCIT vs Ashok B. Jiwrajka (ITA Nos. 2355, 2352, 2353 & 2351/Mum/2021; AYs 2012-13 to 2015-16; order dated 23.12.2025) has dismissed Revenue appeals and allowed assessee’s cross-objections, holding that additions u/s 68 and 69C in unabated years cannot survive in absence of incriminating material found during search.
The case arose from a search u/s 132 on 09.04.2015, followed by assessments u/s 153A...
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