Document related to transactions recorded in books cannot be considered as incriminating material

Advocate Akhilesh Kumar Sah Lord Krishna Dwellers (P) Ltd. Vs DCIT (ITAT Delhi) Lord Krishna Dwellers case: Purchases of land reflected in the seized sale deeds duly recorded in the regular books of account, documents seized relating to same during the course of search cannot be considered as incriminating material, enabling AO to proceed under section 153A In Lord Krishna Dwellers (P) Ltd. vs. DCIT [ITA No. 5294/DEL/2013 [AY: 2006-07] & ITA No. 2403/DEL/2014 [AY: 2007-08], decided on 17.12.2018], in ITA No. 5294/DEL/2013 [A Y: 2006-07], the assessee challenged the validity of the assump...