https://www.taxtmi.com/caselaws?id=326457 The Tribunal allowed the appeal, setting aside the assessment made by the Assessing Officer (AO) under section 153A. The addition of a gift to the assessee's income lacked substantiation as no incriminating material supported it, and the AO failed to verify the documents provided by the assessee. The Tribunal emphasized the necessity of relying on incriminating material and following proper procedures during assessment proceedings, citing the decision in CIT vs. Kabul Chawla. The AO's failure to complete the assessment on seized material rendered the proceedings invalid and beyond the scope of section 153A. en-us Wed, 24 Feb 2016 00:00:00 +0530 Fri, 15 Apr 2016 11:20:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326457 The Tribunal allowed the appeal, setting aside the assessment made by the Assessing Officer (AO) under section 153A. The addition of a gift to the assessee's income lacked substantiation as no incriminating material supported it, and the AO failed to verify the documents provided by the assessee. The Tribunal emphasized the necessity of relying on incriminating material and following proper procedures during assessment proceedings, citing the decision in CIT vs. Kabul Chawla. The AO's failure to complete the assessment on seized material rendered the proceedings invalid and beyond the scope of section 153A. Case-Laws Income Tax Wed, 24 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326457