Addition by AO not based on any incriminating material, cannot be sustained in orders passed u/s 153A/143(3)

ACIT Vs Moon Beverages Ltd. (ITAT Delhi) Since the additions in the other appeals also are not based on any incriminating material found during the course of search and since we have already held that statements recorded u/s 132(4) are not incriminating in nature, therefore, the addition made by the AO being not based on any incriminating material, the addition cannot be sustained in the orders passed u/s 153A/143(3) of the Act. FULL TEXT OF THE ITAT JUDGEMENT This batch of appeals filed by the Revenue are directed against the separate orders of the ld. CIT(A)-26, New Delhi, relating to differ...