No Income Tax Addition Permissible in Unabated Assessment Without Incriminating Material Found During Search u/s 132: ITAT [Read Order]
The bench allowed the appeal and directed the deletion of the addition, stating that estimated additions based on statements alone, without corroborating evidence, cannot be sustained in cases of unabated assessments.
By Navasree A.M - On May 15, 2025 10:58 am - 2 mins read
The Pune Bench of the Income Tax Appellate Tribunal ( ITAT ) has ruled that no addition can be made under Section 153A in an unabated assessment where no incriminating material has been found during a search under Section 132 of the Income Tax Act, 1961. The assessee’s premises were searched on 6th November 2019,…
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