Addition Based Only on GST Data Invalid – 153C Notice Quashed – No Incriminating Material

DCIT Vs VPR Mining Infrastructure Private Limited (ITAT Hyderabad)

153C Notice Quashed – No Incriminating Material for AY 2018-19, Addition Based Only on GST Data Invalid

Assessee, engaged in mining & infrastructure contracts, filed return for AY 2018-19 declaring ₹97.78 crore. Regular assessment u/s 143(3) was completed on 11.03.2021. Later, search u/s 132 was conducted in the case of Vasistha Constructions Pvt. Ltd. (VCPL), a subcontractor of the Assessee. Certain documents were seized, & proceedings u/s 153C were initiated for AYs 2015-16 to 2020-21.

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