Reassessing income without any incriminating material found during search is unsustainable

Agrim Infraproject Private Limited Vs DCIT (ITAT Kolkata)

ITAT Kolkata held that reassessing income post completion of assessment u/s 143(3) without any incriminating material found and seized during the course of search is unsustainable. Accordingly, addition thereof is liable to be deleted.

Facts- After passing of the assessment order, a search was carried out at the premises of the assessee on 17.09.2015. AO thereafter issued a notice u/s. 153A of the Income Tax Act. Th

Please become a Premium member. If you are already a Premium member, login here to access the full content.