Addition u/s 153A in amalgamated company relating to entries in books of amalgamating company prior to amalgamation unjustified

Citygold Education Research Limited Vs DCIT (ITAT Mumbai) Held that the entries in the books of account of amalgamating companies prior to amalgamation cannot be part of the additions made under section 153A in the hands of the assessee (i.e. amalgamated company). Accordingly, additions deleted. Facts- The assessee is a private limited company engaged in the business of disseminating and advance knowledge and promotes educational activities and to acquire, sell, construct, develop, promote or otherwise deal in the land, commercial, residential complexes, etc. A search action u/s. 132 of the In...