https://www.taxtmi.com/caselaws?id=330669 The Tribunal upheld the CIT(A)'s decisions to delete additions related to unexplained purchases, expenses, and depreciation, citing lack of incriminating evidence. It deemed the notice issued under Section 153C as illegal due to non-incriminating seized documents. The Tribunal dismissed additional grounds raised by the Revenue, emphasizing no impact on substantial rights. With no incriminating material found, it held that no additions could be made under Section 153C. Consequently, the assessee's cross objections were allowed, rendering Revenue's appeals futile. en-us Wed, 27 Jul 2016 00:00:00 +0530 Tue, 02 Aug 2016 13:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330669 The Tribunal upheld the CIT(A)'s decisions to delete additions related to unexplained purchases, expenses, and depreciation, citing lack of incriminating evidence. It deemed the notice issued under Section 153C as illegal due to non-incriminating seized documents. The Tribunal dismissed additional grounds raised by the Revenue, emphasizing no impact on substantial rights. With no incriminating material found, it held that no additions could be made under Section 153C. Consequently, the assessee's cross objections were allowed, rendering Revenue's appeals futile. Case-Laws Income Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330669