https://www.taxtmi.com/caselaws?id=261158 The Tribunal partly allowed the appeals, directing the Assessing Officer (AO) to make additions based only on incriminating material found during the search. The penalty under Section 271(1)(c) was deleted as the assessment was made without any incriminating material. The order was pronounced on June 25, 2015, at Chennai. en-us Thu, 25 Jun 2015 00:00:00 +0530 Sat, 04 Jul 2015 07:50:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261158 The Tribunal partly allowed the appeals, directing the Assessing Officer (AO) to make additions based only on incriminating material found during the search. The penalty under Section 271(1)(c) was deleted as the assessment was made without any incriminating material. The order was pronounced on June 25, 2015, at Chennai. Case-Laws Income Tax Thu, 25 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261158