Post-Search Statements is not Incriminating Material for Section 153A

DCIT Vs Jatin Madani (ITAT Delhi) Post-Search Statements is not Incriminating Material-153C Route Ignored, 153A Fails – No Incriminating Material, No Addition-Third-Party Statements Not Enough Revenue appealed against CIT(A)’s order deleting additions aggregating over ₹11 crore made in assessment u/s 153A r.w.s. 143(3) pursuant to search in Ashish Begwani group. AO had treated Assessee as beneficiary of accommodation entries & made additions on account of (i) commission income from cash transportation & entry facilitation, (ii) unexplained investment of ₹10 lakh, & (iii...