{"id":44856,"date":"2024-08-01T12:37:54","date_gmt":"2024-08-01T07:07:54","guid":{"rendered":"https:\/\/itatonline.org\/digest\/ritesh-rai-v-dy-cit-2023106-itr-1-sn-chennai-trib\/"},"modified":"2024-08-01T12:37:54","modified_gmt":"2024-08-01T07:07:54","slug":"ritesh-rai-v-dy-cit-2023106-itr-1-sn-chennai-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ritesh-rai-v-dy-cit-2023106-itr-1-sn-chennai-trib\/","title":{"rendered":"Ritesh Rai v. Dy. CIT (2023)106 ITR 1 (SN.)(Chennai) (Trib)"},"content":{"rendered":"<p>Held that \u00a0in the absence of incriminating material discovered as a result of search, no addition could be made in the assessment framed under section\u00a0143(3)\u00a0read with section\u00a0153A\u00a0of the Ac. As regards\u00a0 issue of addition made towards unsecured loans for both assessment years are\u00a0\u00a0 set aside to the file of the Assessing Officer to re-examine the claim of the assessee in light of the decision of the Supreme Court in the case of\u00a0PR. CIT v. Abhisar Buildwell P. ltd. (2023) 454 ITR 212 (SC ) \u00a0\u00a0and decide the issue in accordance with law. <em>(<\/em>AY.2010-11, 2011-12)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 153A: Assessment-Search-Assessments concluded on date of search-Do not abate-No addition can be made without incriminating material  found during search-Un secured loan-Remanded to Assessing Officer to re-examine claim in light of decision of  Supreme Court in  PCIT  v. Abhisar Buildwell P. Ltd((2023) 454 ITR 212 (SC )  <\/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-44856","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bFu","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44856","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=44856"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44856\/revisions"}],"predecessor-version":[{"id":44857,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/44856\/revisions\/44857"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=44856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=44856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=44856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}