ITAT Bangalore: Revenue’s Appeals Dismissed as Section 153C Assessments Already Quashed by HC

DCIT Vs Davanam Constructions Pvt. Ltd. (ITAT Bangalore) ITAT Bangalore: Revenue’s Appeals Dismissed as Section 153C Assessments Already Quashed by High Court The Bangalore Bench of the Income Tax Appellate Tribunal (ITAT) dismissed the Revenue’s appeals for AYs 2014-15, 2017-18 and 2018-19 in the case of Davanam Constructions Pvt. Ltd., upholding the order of the CIT(A) which had quashed the assessments framed under section 153C of the Income-tax Act. The Tribunal noted that the assessments against the assessee company arose pursuant to a search conducted in the case of third parties, inc...