Section 153A: No Additions in Completed Assessments Without Incriminating Evidence

Smt. Shashi Agarwal Vs DCIT (ITAT Lucknow) In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Lucknow clarified the legal position regarding the addition of income during assessments under sections 153A and 153C of the Income Tax Act, 1961. The case, Smt. Shashi Agarwal Vs DCIT, emphasizes that no additions can be made to completed or unabated assessments without the presence of incriminating material discovered during a search. Background of the Case The appeals arise from the assessment years 2015-16 and 2016-17, where Smt. Shashi Agarwal contested the orders passed by the Com...