https://www.taxtmi.com/caselaws?id=328741 The Tribunal held that the additions made by the Assessing Officer were not sustainable under section 153A as no incriminating material was found during the search operation to doubt the purchases. The Tribunal concluded that the additions were based on conjectures and surmises and not legally sustainable. Relying on the precedent set by the Delhi High Court, the Tribunal allowed the Assessee's appeal for the assessment year 2006-07, emphasizing the necessity of incriminating material for assessments under section 153A. en-us Fri, 27 May 2016 00:00:00 +0530 Mon, 13 Jun 2016 13:15:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328741 The Tribunal held that the additions made by the Assessing Officer were not sustainable under section 153A as no incriminating material was found during the search operation to doubt the purchases. The Tribunal concluded that the additions were based on conjectures and surmises and not legally sustainable. Relying on the precedent set by the Delhi High Court, the Tribunal allowed the Assessee's appeal for the assessment year 2006-07, emphasizing the necessity of incriminating material for assessments under section 153A. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328741