ITAT Delhi Quashes Additions in Search-Based Assessments Without Incriminating Material

Advertisement Divya Exim Pvt. Ltd. Vs DCIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi bench, has allowed three appeals filed by Divya Exim Pvt. Ltd. and other related companies. The central issue was whether the Assessing Officer (AO) could make additions to the assessees’ income in a search assessment under Section 153A of the Income Tax Act, 1961, without finding any incriminating material during the search. Factual Background The case arose from a search and seizure operation conducted on November 18, 2015, on the Shri Sajan Kumar Jain and Shri Pradeep Kumar Jinda...