Section 153A Invalid Due to Absence of Incriminating Material in Unabated Years

Anantram Orchards Pvt. Ltd. Vs ACIT (ITAT Chennai) In Anantram Orchards Pvt. Ltd. Vs ACIT, the appeals were filed against orders of the Commissioner of Income Tax (Appeals) for Assessment Years 2014–15 and 2018–19. A delay of 23 days in filing certain appeals was condoned after the Tribunal accepted the reasons provided by the assessees. The cases arose from a search and seizure operation under Section 132 conducted on 16.10.2019 in the NKV Krishna Group. During the search, statements were recorded and a pen drive was seized, based on which annexures were prepared indicating alleged unacco...