https://www.taxtmi.com/caselaws?id=271919 The Tribunal dismissed the Revenue's appeal against the deletion of an addition under section 68 of the Income Tax Act, emphasizing the burden of proof on taxing authorities and the need for fair conduct. The Tribunal ruled that the addition was not legally sustainable under section 153C and should have been considered under different sections after proper inquiries. Additionally, the Tribunal upheld the deletion of the addition and ruled against the jurisdiction and validity of proceedings under Section 153C in response to the Assessee's cross objection, highlighting the importance of proper satisfaction by the Assessing Officer regarding incriminating material found during searches. en-us Fri, 15 Jan 2016 00:00:00 +0530 Wed, 04 May 2016 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271919 The Tribunal dismissed the Revenue's appeal against the deletion of an addition under section 68 of the Income Tax Act, emphasizing the burden of proof on taxing authorities and the need for fair conduct. The Tribunal ruled that the addition was not legally sustainable under section 153C and should have been considered under different sections after proper inquiries. Additionally, the Tribunal upheld the deletion of the addition and ruled against the jurisdiction and validity of proceedings under Section 153C in response to the Assessee's cross objection, highlighting the importance of proper satisfaction by the Assessing Officer regarding incriminating material found during searches. Case-Laws Income Tax Fri, 15 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271919