Pending assessments abate as per Section 153A when a search takes place: ITAT Delhi

Rajender Agarwal Vs ACIT (ITAT Delhi) The appeal filed by Rajender Agarwal against the order of the ld. CIT(A)-24, New Delhi dated 14.03.2019 for the Assessment Year 2014-15 revolves around the confirmation of an addition of Rs. 78,85,851 as non-genuine long-term capital gain. The key contention of the assessee is that the assessment should have been made under Sections 153A and 153C of the Income Tax Act, rather than under Section 143(3). Additionally, the appellant questions the validity of the addition, citing lack of evidence and violation of natural justice. Background: The appellant dec...