https://www.taxtmi.com/caselaws?id=252644 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 10,00,000 out of total expenses claimed, as the Assessing Officer failed to provide specific defects or doubts regarding the expenses. The Tribunal ruled that the addition was not sustainable without incriminating material found during the search, as per the Special Bench decision. The Tribunal also found the assessment order under section 153A invalid due to the lack of incriminating material, dismissing both the Revenue's appeal and the assessee's cross-objections. The assessment order's timeliness and jurisdiction were deemed valid by the Tribunal. en-us Fri, 31 Jan 2014 00:00:00 +0530 Fri, 31 Oct 2014 07:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252644 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 10,00,000 out of total expenses claimed, as the Assessing Officer failed to provide specific defects or doubts regarding the expenses. The Tribunal ruled that the addition was not sustainable without incriminating material found during the search, as per the Special Bench decision. The Tribunal also found the assessment order under section 153A invalid due to the lack of incriminating material, dismissing both the Revenue's appeal and the assessee's cross-objections. The assessment order's timeliness and jurisdiction were deemed valid by the Tribunal. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252644