REENA ENGINEERS AND CONTRACTORS PRIVATE LTD,PANAJI vs. ACIT, CENTRAL CIRCLE-1, CALICUT

In the result, the appeals filed by the assessee stand partly allowed statistical purposes

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

u/s. 153A of the Act unless the claim is directly relatable to the undisclosed income unearthed during the course of search and seizure operations. Reliance in this regard can be made to the decision of the Special Bench of ITAT Hyderabad Bench in the case of DCIT v. SEW Infrastructure Ltd. [2024] 167 taxmann.com 446 wherein it has held