DCIT, CENTRAL CIRCLE-1, GUWAHATI, GUWAHATI vs. BRAHMAPUTRA FINLEASE PRIVATE LIMITED, NEW DELHI
In the result, appeal filed by the revenue is dismissed and the cross- objection filed by the Assessee is Partly Allowed
ITA 110/GTY/2023[2018-19]Status: DisposedITAT Guwahati28 Jan 2025AY 2018-19
Bench: Shri Manomohan Das, Hon’Ble & Shri Rakesh Mishra, Hon’Ble
For Appellant: Shri Vivek Malhotra, FCAFor Respondent: Soumendu Sekhar Das, JCIT
Section 132Section 143(2)Section 153CSection 250Section 68
reassessment of income of an assessee is not possible in absence of any incriminating material found during search under section 132 or requisition made under section 132A of the Act in unabated assessment.
22. The ld. AO made addition of Rs. 3,62,00,000/- on unexplained cash credit under section 153C of the Act despite there was no incriminating