Case Law Details
PCIT Vs LKG Builders P. Ltd. (Delhi High Court)
Court is of the opinion that the questions of law raised in present appeals have been settled by earlier Division Bench in CIT Vs. Kabul Chawla (supra) and assessment of the respondents had attained finality prior to the date of search and no incriminating documents or materials had been found and seized at the time of search. Accordingly, no addition can be made under Section 153A of the Act as the cases of respondents are of non-abated assessments.
FULL TEXT OF THE JUDGMENT/ORDER OF DELHI HIGH COURT
1. Present Appeals have been filed challenging the Order dated 27th April, 2020 passed by the Income Tax Appellate Tribunal (‘ITAT’).
2. Learned Counsel for the Appellant states that the ITAT erred in deleting the additions made by assessing officer relying upon the judgment of this Court in the case of CIT Vs. Kabul Chawla, 380 ITR 573. He states that the Revenue has not accepted the judgment of this Court in the case of CIT Vs. Kabul Chawla (supra) and has preferred an appeal against the same in the Supreme Court.
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