ITAT Cochin Upholds Additions in Search-Based 153A Assessment based on incriminating material

Trivandrum Cable Network (P.) Limited Vs DCIT (ITAT Cochin) The Income Tax Appellate Tribunal (ITAT), Cochin Bench, has dismissed a series of appeals filed by Trivandrum Cable Network (P.) Limited, upholding the additions and disallowances made by the Assessing Officer (AO) in assessments completed under Section 153A of the Income-tax Act, 1961. These appeals pertained to assessment years 2005-2006 to 2008-2009 and 2010-2011 to 2011-2012, all arising from a search and seizure operation conducted on the assessee. Trivandrum Cable Network (P.) Limited is a company engaged in the business of cabl...