DCIT v. Bengal Brahmaputra Realty Ltd. (2024) 229 TTJ 41 (UO) (Gau)(Trib)

S. 153A: Assessment-Search-Unabated assessment-No incriminating material-Information from audited balance sheet-Addition is deleted. [S. 132]

Held that  addition  cannot be made merely on the basis of the information available in the audited balance sheet relating to unsecured loans without making reference to any incriminating material is not sustainable in the case of unabated assessments. (AY.2014-15,  2015-16)

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