153A Assessment Quashed Because No Incriminating Material Found in Assessee’s Search

ACIT Vs Neena Jain (ITAT Delhi)

The appeal by the Revenue and cross objection by the assessee arose from the order dated 24.03.2025 passed by the CIT(A)-29, New Delhi, concerning Assessment Year 2017-18. The assessment had been framed under Section 153A read with Section 143(3) of the Income Tax Act, 1961.

In the cross objection, the assessee contended that the assessment under Section 153A was invalid as it was based on material seized during a search conducted in the case of third parties and not the assessee. It was also argued that the approval granted under Section 153D

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