Section 153A Additions Rejected for Absence of Search Incriminating Material: Bombay HC

Advertisement PCIT Vs Arunkumar Ramniklal Mehta (Bombay High Court) Section 153A Additions Rejected for Absence of Search Incriminating Material; Section 69A Deletion Upheld: Bombay HC The Bombay High Court considered two Revenue appeals arising from a common order of the Income Tax Appellate Tribunal dated 24.05.2019 for Assessment Year 2006-07. One appeal related to issues arising from the Revenue’s appeal before the Tribunal, while the other related to issues arising from the assessee’s appeal. The assessee, a promoter and director of various entities in the Rosy Blue Group, ...