https://www.taxtmi.com/caselaws?id=179837 The Tribunal deemed the initiation of proceedings under section 153C invalid as no incriminating material was found during the search that was not already declared in the original assessment. The income from the sale of agricultural land was classified as 'capital gains' for all assessment years, supporting the assessee's position. The appeal by the assessee was allowed, while the Revenue's appeal was dismissed. en-us Mon, 26 Nov 2012 00:00:00 +0530 Thu, 10 Mar 2016 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179837 The Tribunal deemed the initiation of proceedings under section 153C invalid as no incriminating material was found during the search that was not already declared in the original assessment. The income from the sale of agricultural land was classified as 'capital gains' for all assessment years, supporting the assessee's position. The appeal by the assessee was allowed, while the Revenue's appeal was dismissed. Case-Laws Income Tax Mon, 26 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179837