https://www.taxtmi.com/caselaws?id=176489 The Tribunal invalidated the proceedings under Section 153C of the Income Tax Act, as they were not based on incriminating material found during the search, quashing assessment orders for all years. Regarding agricultural income, the Tribunal directed the assessing officer to disallow 25% of the declared income, in line with previous decisions. As a result, the appeals were allowed, except for one which was partly allowed. en-us Mon, 21 Jul 2014 00:00:00 +0530 Mon, 08 Aug 2022 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176489 The Tribunal invalidated the proceedings under Section 153C of the Income Tax Act, as they were not based on incriminating material found during the search, quashing assessment orders for all years. Regarding agricultural income, the Tribunal directed the assessing officer to disallow 25% of the declared income, in line with previous decisions. As a result, the appeals were allowed, except for one which was partly allowed. Case-Laws Income Tax Mon, 21 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176489