No Reassessment of Income if Incriminating Articles Against Any “Other Person” is Found During Search Other Than Person Being Searched: ITAT [Read Order]

No Reassessment of Income if Incriminating Articles - Reassessment - Income - Other Person - Incriminating Articles - ITAT - Taxscan

Quashing the Income Tax addition, the Delhi Bench of Income Tax Appellate Tribunal (ITAT), held that no reassessment of income under Section 147 of the Income Tax Act 1961 can be allowed if incriminating articles against any “other person” is found during search other than person being searched under Section 153C of Income Tax Act….

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