https://www.taxtmi.com/caselaws?id=183552 The HC upheld the ITAT's decision that for framing assessments under Section 153A, incriminating material must be found against the Assessee for each relevant year. The Assessee's initial assessments under Section 143(3) and subsequent reassessments under Section 147 were validly conducted, with the issue of whether certain assets were capital or personal effects examined and decided. The absence of incriminating material for the AYs in question did not invalidate the proceedings. The HC found no legal error in the ITAT's order and held that no substantial question of law arose for consideration. en-us Fri, 06 May 2016 00:00:00 +0530 Thu, 24 Jul 2025 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183552 The HC upheld the ITAT's decision that for framing assessments under Section 153A, incriminating material must be found against the Assessee for each relevant year. The Assessee's initial assessments under Section 143(3) and subsequent reassessments under Section 147 were validly conducted, with the issue of whether certain assets were capital or personal effects examined and decided. The absence of incriminating material for the AYs in question did not invalidate the proceedings. The HC found no legal error in the ITAT's order and held that no substantial question of law arose for consideration. Case-Laws Income Tax Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183552