https://www.taxtmi.com/caselaws?id=331429 The Calcutta HC held that the power under section 153C read with section 153A requires the presence of incriminating material obtained from a search under section 132 or requisition under section 132A. In the present case, the assessing officer disallowed certain expenditures already disclosed, which was not justified under sections 153C and 153A. While the CIT(A) upheld these disallowances, the Tribunal rightly deleted them. The HC agreed with the Tribunal, emphasizing that disallowances without incriminating material are not permissible under the relevant provisions. en-us Thu, 04 Aug 2016 00:00:00 +0530 Wed, 23 Jul 2025 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331429 The Calcutta HC held that the power under section 153C read with section 153A requires the presence of incriminating material obtained from a search under section 132 or requisition under section 132A. In the present case, the assessing officer disallowed certain expenditures already disclosed, which was not justified under sections 153C and 153A. While the CIT(A) upheld these disallowances, the Tribunal rightly deleted them. The HC agreed with the Tribunal, emphasizing that disallowances without incriminating material are not permissible under the relevant provisions. Case-Laws Income Tax Thu, 04 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331429