https://www.taxtmi.com/caselaws?id=331341 The Tribunal quashed the assessments for the years 2003-04 to 2006-07 under section 153A of the Income-tax Act, as no incriminating material was found during the search. Consequently, the Revenue appeals were dismissed, and the cross objections of the assessee were partly allowed. The issues regarding disallowance of interest claimed under "Business" and unexplained credits in the capital account became academic and were not further adjudicated due to the invalidity of the assessments. en-us Tue, 31 May 2016 00:00:00 +0530 Sat, 20 Aug 2016 07:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331341 The Tribunal quashed the assessments for the years 2003-04 to 2006-07 under section 153A of the Income-tax Act, as no incriminating material was found during the search. Consequently, the Revenue appeals were dismissed, and the cross objections of the assessee were partly allowed. The issues regarding disallowance of interest claimed under "Business" and unexplained credits in the capital account became academic and were not further adjudicated due to the invalidity of the assessments. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331341