https://www.taxtmi.com/caselaws?id=176892 The Tribunal quashed assessments made under Section 153C/143(3) for the years 2004-05 to 2008-09 due to the absence of incriminating material. Disallowance of preliminary expenses under Section 35D was set aside as it lacked basis from the search. The Tribunal also ruled against the levy of interest under Section 234B due to the quashed assessments. An ad-hoc disallowance of expenses under Section 37 for 2009-10 was deleted as unsupported by evidence. The Tribunal allowed appeals for the mentioned years and partly allowed the appeal for 2009-10. en-us Wed, 27 Nov 2013 00:00:00 +0530 Wed, 21 Sep 2016 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176892 The Tribunal quashed assessments made under Section 153C/143(3) for the years 2004-05 to 2008-09 due to the absence of incriminating material. Disallowance of preliminary expenses under Section 35D was set aside as it lacked basis from the search. The Tribunal also ruled against the levy of interest under Section 234B due to the quashed assessments. An ad-hoc disallowance of expenses under Section 37 for 2009-10 was deleted as unsupported by evidence. The Tribunal allowed appeals for the mentioned years and partly allowed the appeal for 2009-10. Case-Laws Income Tax Wed, 27 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176892