No Incriminating Material, No Disallowance; ITAT Deletes Farm Expense Disallowances

Crystal Hatcheries Pvt. Ltd. Vs ACIT (ITAT Bangalore) No Incriminating Material, No Disallowance – ITAT Bangalore gives major relief on Farm Expenses- ITAT applies Abhisar Buildwell – Deletes disallowances in unabated years u/s 153C In a batch of appeals  Bangalore ITAT has given major relief to Assessee by deleting disallowances of farm maintenance expenses for six out of seven years, holding that in unabated assessments u/s 153C, additions can be made only on the basis of incriminating material found during search, in line with the Supreme Court ruling in PCIT v. Abhisar Buildwell. AO h...