No Addition u/s 153A Without Incriminating Material: ITAT Cuttack

ACIT Vs Shiva Cement Limited (ITAT Cuttack) No Addition Without Incriminating Materia: ITAT Cuttack Follows Abhisar Buildwell Assessee had filed its original return of income u/s 139(1) declaring a loss of ₹1.88 Cr. A search u/s 132 was carried out in September 2014 in the case of Assessee & group concerns. Pursuant to this, the case was centralized u/s 127. Notice u/s 153A was issued, to which Assessee reiterated the same return of income as filed earlier. During assessment, AO noticed an increase in paid-up capital of ₹2.88 Cr & share premium of ₹1.46 Cr, aggregating to ₹4.35...