https://www.taxtmi.com/caselaws?id=253286 The Tribunal ruled in favor of the assessee, holding that the Assessing Officer (AO) lacked jurisdiction to pass an order under Section 153C of the Income Tax Act as no incriminating material was found during the search. The Tribunal emphasized that assessments cannot be disturbed under Section 153C without such material. Consequently, the Tribunal quashed the assessment orders and dismissed the Revenue's appeal regarding the disallowance of interest, affirming the CIT(A)'s decision that assessments without incriminating material for completed years should not be revisited. en-us Wed, 24 Sep 2014 00:00:00 +0530 Thu, 20 Nov 2014 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253286 The Tribunal ruled in favor of the assessee, holding that the Assessing Officer (AO) lacked jurisdiction to pass an order under Section 153C of the Income Tax Act as no incriminating material was found during the search. The Tribunal emphasized that assessments cannot be disturbed under Section 153C without such material. Consequently, the Tribunal quashed the assessment orders and dismissed the Revenue's appeal regarding the disallowance of interest, affirming the CIT(A)'s decision that assessments without incriminating material for completed years should not be revisited. Case-Laws Income Tax Wed, 24 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253286