Section 153A Assessment Quashed for Lack of Incriminating Material

SRS IT Solutions Private Limited Vs DCIT (ITAT Delhi)

The Delhi Bench “F” of the ITAT allowed the appeal of SRS IT Solutions Pvt. Ltd. for AY 2008-09 and quashed the assessment framed under section 153A r.w.s. 143(3), holding it to be without jurisdiction in the absence of any incriminating material. The Tribunal noted that the search on the SRS Group was conducted on Please become a Premium member. If you are already a Premium member, login here to access the full content.