DCIT, CC-3(3), KOLKATA, KOLKATA vs. AMICUS REAL ESTATE PVT. LTD., KOLKATA

In the result, appeal of the revenue is dismissed

Bench: SHRI SANJAY GARG, HON’BLE (Judicial Member), DR. MANISH BORAD, HON’BLE (Accountant Member)

132 of the Act is well settled. As discussed above, the assessment made, u/s 153A, pursuant to the search has to be on the basis of incriminating materials gathered or unearthed during the course of the search. In view of the above mentioned judgements of various courts all over the country, as well as the Apex Court, as discussed above