K.K BUILDERS,KANNUR vs. DEPUTY COMMISSIONER OF INCOME TAX ,CENTRAL CIRCLE 2, CALICUT. , CALICUT

In the result, the appeals filed by the assessee stand dismissed

Bench: Shri Inturi Rama Rao, Am & Shri Prakash Chand Yadav, Jm

Depreciation claim disallowed Rs. 3,43,38,880/- v) Income from sale of tenancy rights Rs. 73,93,476/- 9. Being aggrieved, an appeal was filed before the CIT(A), contesting that no addition can be made u/s. 153A of the Act in the absence of any incriminating material found as a result of search and seizure