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Commissioner Of Income Tax (Central) ... vs Kabul Chawla on 29 March, 2016

We may also note here that both these additions are part of the regular books of 99 ITA.Nos.6103, 6104/D/16 C.Os.15&16/D/2017, ITA.Nos.5586 & 5586/D/2016, C.O.Nos.210 & 1/D/17 ITA.Nos.3221 & 3222/D/2016, C.O.Nos.247 & 248/D/2016 ITA.No.5587/D/2016 & C.O.355/D/2016 M/s. Spectrum Coal & Power Ltd., New Delhi & Others. account which were already disclosed to the Revenue in the original return of income and A.O. has accepted the same. No assessments were pending prior to the date of search and assessments were already completed. Therefore, all the issues are covered by judgment of the jurisdictional High Court in the case of CIT vs. Kabul Chawla and Pr. CIT vs. Meeta Gut Gutia (supra). The assessments are therefore, illegal and bad in law under section 153A of the I.T. Act. The additions have already been rightly deleted by the Ld. CIT(A).
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