No addition can be made u/s 153A in absence of incriminating evidence found as a result of search, if the assessment is unabated: ITAT [Read Order]

By Namaskar Acharya - On September 2, 2023 7:00 am - 2 mins read

No addition - absence of incriminating evidence found as a result of search - assessment is unabated - ITAT - TAXSCAN

The Chennai bench of the Income Tax Appellate Tribunal held that in absence of any incriminating material, no addition can be made in the assessment framed under Section 153A/153C of the Income Tax Act. A search and seizure under Section 132 of the Income Tax Act, 1961 was conducted in the residence of the assessee…

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