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HomeDirect TaxAbhisar Buildwell Pvt. Ltd. v. ACIT Ratio Applies To New Reassessment Regime:...

Abhisar Buildwell Pvt. Ltd. v. ACIT Ratio Applies To New Reassessment Regime: ITAT Says Additions Pursuant To Search Need Incriminating Material

Direct Tax

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By Mariya Paliwala
No Addition in Completed Search Assessment Without Incriminating Material: ITAT

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The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that no addition can be made in a completed assessment year pursuant to a search unless incriminating material relating to that year is discovered during the search proceedings. The Tribunal relied on the principle laid down by the Supreme Court of India in the…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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