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Addition in assessment u/s. 153C in unabated years without incriminating material not sustainable
Case Law Details
- Case Name
- DCIT Vs Wismore Equity Pvt. Ltd. (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Wismore Equity Pvt. Ltd. (ITAT Delhi)
ITAT Delhi held that it is well settled principle of law that no addition can be made in unabated years in assessment u/s 153C of the Income Tax Act without any incriminating material. Accordingly, appeal filed by the revenue dismissed.
Facts- On 23/07/2015 and subsequent dates, a search & seizure operation u/s 132 of the Income Tax Act, 1961 was conducted in different business and residential premises of Sh. Deepak Aggarwal, Mukesh Kumar & Ors at Delhi. During search and seizure operation, it was found to be a group of entry operators prov...
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