ITAT Cochin upholds additions– Rejects Mechanical approval & No-Incriminating material Arguments

K.K. Radhakrishnan Vs DCIT (ITAT Cochin) Cochin ITAT  has upheld the additions made on K.K. Radhakrishnan, proprietor of K.K. Wood Crafts & partner in K.K. Group, rejecting his pleas on “mechanical approval”  u/s 153D & absence of incriminating material. Assessee, engaged in real estate, construction & bar & restaurant business, was subjected to a search  u/s 132 on 26.09.2012. Seized material indicated unaccounted income from a BOT bus stand project & liquor sales. Pursuant to the search,  AO completed assessments u/s 153A r.w.s. 143(3) for the impugned years, maki...