Delay in filing SLP: Supreme Court grants Relief to Adani Power from IT Reassessment

No Additions Can Be Made in Unabated Years Without Incriminating Material u/s 153C: ITAT The ITAT ruled that additions cannot be made in unabated years under Section 153C of the Income Tax Act without the presence of incriminating material. In this case, the tax authorities had attempted to make additions to income for a period that was no longer under scrutiny. The ITAT emphasized that unless there is tangible evidence or material that points to undisclosed income, tax assessments for previous years cannot be altered. This decision reaffirms the principle that reassessment under Section 153C must be based on clear evidence and not on mere assumptions.