https://www.taxtmi.com/caselaws?id=329026 The Tribunal allowed the appeal of the assessee, ruling that the assessment under Section 153A read with Section 143(3) was void ab-initio due to the absence of incriminating documents. It concluded that the transaction was a business deal, not a loan, hence not falling under Section 2(22)(e) of the Income Tax Act, 1961. As a result, the addition of Rs. 24,80,911/- was removed, and the appeal was successful. en-us Wed, 15 Jun 2016 00:00:00 +0530 Tue, 21 Jun 2016 11:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329026 The Tribunal allowed the appeal of the assessee, ruling that the assessment under Section 153A read with Section 143(3) was void ab-initio due to the absence of incriminating documents. It concluded that the transaction was a business deal, not a loan, hence not falling under Section 2(22)(e) of the Income Tax Act, 1961. As a result, the addition of Rs. 24,80,911/- was removed, and the appeal was successful. Case-Laws Income Tax Wed, 15 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329026