No Addition can be made u/s 153A of the Income Tax Act in the Absence of Seizure of Incriminating Materials during Search Proceedings: ITAT [Read Order]

By Shabna Rahim - On June 12, 2023 7:30 pm - 2 mins read

No Addition - Income Tax Act - Seizure of Incriminating Materials during Search Proceedings - Seizure of Incriminating Materials - Search Proceedings - ITAT - Taxscan

The Jaipur bench of the Income Tax Appellate Tribunal (ITAT) held that no addition can be made under section 153A of the Income Tax Act,1961 in the absence of seizure of any incriminating materials during search and seizure proceedings. Rigid Conductors (Raj.) Pvt. Ltd, the appellant assessee was a private limited company and filed cross…

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