https://www.taxtmi.com/caselaws?id=218650 The Appellate Tribunal allowed the appeals, holding that the addition made under section 153A of the Income Tax Act was unsustainable as it was solely based on the books of account without any incriminating material found during the search operation. The Tribunal emphasized the requirement of incriminating material for undisclosed income determination in a search assessment, distinguishing it from a regular assessment. Consequently, the validity of the proceedings initiated under section 153A was challenged successfully by the assessee, resulting in the appeals being allowed on this legal issue. Other grounds of appeal were deemed academic and not addressed. en-us Fri, 27 Jul 2012 00:00:00 +0530 Thu, 22 Nov 2012 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218650 The Appellate Tribunal allowed the appeals, holding that the addition made under section 153A of the Income Tax Act was unsustainable as it was solely based on the books of account without any incriminating material found during the search operation. The Tribunal emphasized the requirement of incriminating material for undisclosed income determination in a search assessment, distinguishing it from a regular assessment. Consequently, the validity of the proceedings initiated under section 153A was challenged successfully by the assessee, resulting in the appeals being allowed on this legal issue. Other grounds of appeal were deemed academic and not addressed. Case-Laws Income Tax Fri, 27 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218650