Addition in assessment u/s. 153C in unabated years without incriminating material not sustainable

DCIT Vs Wismore Equity Pvt. Ltd. (ITAT Delhi)

ITAT Delhi held that it is well settled principle of law that no addition can be made in unabated years in assessment u/s 153C of the Income Tax Act without any incriminating material. Accordingly, appeal filed by the revenue dismissed.

Facts- On 23/07/2015 and subsequent dates, a search & seizure operation u/s 132 of the Income Tax Act, 1961 was conducted in different business and residential premises of Sh. Deepak Aggarwal, Mukesh Kumar & Ors at Delhi. During search and seizure operation, it was found t

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