Absence of Incriminating Evidence warranting Abatement of Assessment: ITAT deletes Additions on sale of Agricultural Land [Read Order]

The Bench also sought to assess the scope and intent of Search and Seizure and subsequent reassessment under Section 153A of the Income Tax Act, 1961
Income Tax - Sale of Agricultural Land - Income Tax Assessment - ITAT - TAXSCAN

The Nagpur Bench of the Income Tax Appellate Tribunal ( ITAT ) recently laid down a decision affirming the need for conclusive incriminating evidence to abate an Assessment filed by an Assessee. The matter pertained to the proposed abatement of the Assessment Returns filed by the Appellant in light of the allegations raised by the…

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