No Additions Without Proper 153C Block Period Computation: ITAT Delhi

DCIT Vs Vikas Associates Pvt. Ltd (ITAT Delhi) Not Year of Search but Year of Handover – Ojjus Medicare Ruling Protects Vikas Associates: Tribunal Follows Delhi HC – Entire 153C Additions in Vikas Associates Struck Down Delhi ITAT dismissed Revenue’s appeal in the case of Vikas Associates Pvt. Ltd., upholding CIT(A)’s deletion of additions made u/s 68, u/s 69A & for alleged commission income. Assessee filed original return on 27.09.2011 declaring nil income. Pursuant to search, notice u/s 153C was issued & return was filed on 08.12.2022 again declaring nil income. AO framed as...