Additions Not Valid in Non-Abated Assessments Without Incriminating Search Material

ITO Vs Uniglobal Papers Pvt. Ltd (ITAT Kolkata) In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Kolkata has dismissed appeals filed by the Income Tax Officer (ITO) against Uniglobal Papers Pvt. Ltd., affirming the decision of the Commissioner of Income Tax (Appeals) [CIT(A)] to delete additions made to the company’s income. The core of the dispute revolved around whether an Assessing Officer (AO) can make additions to a previously completed or ‘unabated’ assessment without relying on incriminating material discovered during a search and seizure operation. Th...