Wednesday, April 29, 2020

No additions u/s 153A if no new & incriminating material was found post assessment search

INCOME TAX : Where assessee had already filed original return of income accompanied with Profit and Loss Account, Balance Sheet and such assessment had completed prior to date of search and no assessment was abated, as no new/incriminating material was unearthed during course of search, no addition could be made u/s 153A

from www.taxmann.com Latest Case Laws https://ift.tt/2YfGRzZ

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