S.R. Ingots (P.) Ltd. v. ACIT (2025) 210 ITD 254 (Raipur) (Trib.)

S. 153A: Assessment-Search-Unabated assessments-No incriminating material was found during search-Addition is deleted. [S. 14A, 132, 132A, 147, 148]

Held that no addition can be made in respect of unabated assessments  without  incriminating material  found during search The completed/unabated assessments can be re-opened by Assessing Officer in exercise of powers under sections 147/148, subject to fulfilment of conditions as envisaged/mentioned under sections 147/148 and those powers are saved. (AY. 2012-13, 2013-14)

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