No Incriminating Material, No Disallowance; ITAT Deletes Farm Expense Disallowances

Crystal Hatcheries Pvt. Ltd. Vs ACIT (ITAT Bangalore)

No Incriminating Material, No Disallowance – ITAT Bangalore gives major relief on Farm Expenses- ITAT applies Abhisar Buildwell – Deletes disallowances in unabated years u/s 153C

In a batch of appeals  Bangalore ITAT has given major relief to Assessee by deleting disallowances of farm maintenance expenses for six out of seven years, holding that in unabated assessments u/s 153C, additions can be made only on the basis of incriminating material found during search, in line with the Supreme Court rulin

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