https://www.taxtmi.com/caselaws?id=181749 The Tribunal allowed the appeal of the assessee, holding that the assessment under Section 153A read with Section 143(3) was void ab initio due to the absence of incriminating documents found during the search. The Tribunal also found that the assessee had discharged its onus of proving the identity, genuineness, and creditworthiness of the share applicants. Additionally, the Tribunal emphasized the importance of procedural fairness, noting that the AO had not provided the inquiry report to the assessee and had a short time to complete the assessment, ultimately ruling in favor of the assessee. en-us Mon, 14 Dec 2015 00:00:00 +0530 Sat, 23 Apr 2016 10:50:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181749 The Tribunal allowed the appeal of the assessee, holding that the assessment under Section 153A read with Section 143(3) was void ab initio due to the absence of incriminating documents found during the search. The Tribunal also found that the assessee had discharged its onus of proving the identity, genuineness, and creditworthiness of the share applicants. Additionally, the Tribunal emphasized the importance of procedural fairness, noting that the AO had not provided the inquiry report to the assessee and had a short time to complete the assessment, ultimately ruling in favor of the assessee. Case-Laws Income Tax Mon, 14 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181749