No assessment u/s 153A in absence of Incriminating Material for passing an order u/s 153A

PCIT Vs PGF LTD (Delhi High Court)

Conclusion: Where appellant-Revenue did not reveal that the statements recorded under Section 132(4) disclose some incriminating material on the basis of which orders under Section 153A had been passed then, no assessment under Section 153A should be made.

Held: An appeal had been filed by the Revenue, challenging the consolidated order passed by Tribunal whereby Tribunal had upheld order passed by CIT (Appeals) quashing

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