Dismissing the appeals the Court held that assessments for the assessment years 2008-09, 2009-10 and 2010-11 had attained finality prior to the date of search and no incriminating documents or materials had been found and seized at the time of search under section\u00a0132. Consequently, no additions could be made under section\u00a0153A\u00a0since these assessments had not abated. The returns filed had been duly accepted and intimation under section\u00a0143(1)\u00a0had been issued. Neither notices under section\u00a0143(2)\u00a0nor reassessment notices under section\u00a0148\u00a0had been issued.\u00a0 Order of Tribunal affirmed. Followed CIT v. Kabul Chawla (2016) 380 ITR 573 (Delhi)(HC), CIT v. Continental Warehousing Corporation (Nhava Sheva)Ltd\u00a0 (2015) 374 ITRR 645 (Bom)(HC)\u00a0 (AY.2008-09, 2009-10 and 2010-11)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 153A: Assessment-Search or requisition-Assessments Completed and final as on date of search-No incriminating material found during search-Order of Tribunal affirmed-No substantial question of law. [S. 68, 69, 132,143(1), 143(3), 260A] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-31023","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-84n","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=31023"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31023\/revisions"}],"predecessor-version":[{"id":32352,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/31023\/revisions\/32352"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=31023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=31023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=31023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}