No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient: ITAT Delhi

Gulshan Investment Pvt. Ltd. Vs JCIT (OSD) (ITAT Delhi) No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient:  ITAT Delhi Gulshan Investment Pvt. Ltd & others Vs JCIT -ITA No.3872/Del/2024 dt 16.4.25 The core dispute involves additions made by the AO u/s 153A following a search & seizure operation u/s 132. The relevant assessment years range from 2013–14 to 2016–17. The key legal issue across all these appeals was whether additions made u/s 153A for completed (unabated) assessment years can be sustained in the absen...