https://www.taxtmi.com/caselaws?id=181373 The High Court allowed exemptions subject to all just exceptions and condoned the delay in re-filing the appeal. The main issue was the validity of the notice under Section 153A of the Income Tax Act. The Court held that the notice was invalid due to the absence of incriminating material, leading to the quashing of the assessment order. Despite arguments from the Revenue, the Court emphasized the necessity of incriminating material for assessments under Section 153A, ultimately dismissing the appeals and noting the assessment's quashing. en-us Mon, 07 Dec 2015 00:00:00 +0530 Fri, 15 Apr 2016 11:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181373 The High Court allowed exemptions subject to all just exceptions and condoned the delay in re-filing the appeal. The main issue was the validity of the notice under Section 153A of the Income Tax Act. The Court held that the notice was invalid due to the absence of incriminating material, leading to the quashing of the assessment order. Despite arguments from the Revenue, the Court emphasized the necessity of incriminating material for assessments under Section 153A, ultimately dismissing the appeals and noting the assessment's quashing. Case-Laws Income Tax Mon, 07 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181373