https://www.taxtmi.com/caselaws?id=185702 The Tribunal held that additions made by the AO in the assessment years 2003-04 and 2005-06 under sec. 153A without incriminating material found during the search were not valid. It was established that additions in concluded assessments can only be based on incriminating material discovered during the search. Relying on precedent and the Mumbai Special Bench decision, the Tribunal directed the AO to delete the additions. Consequently, the appeals were allowed, and the orders of the ld. CIT(A) were set aside with instructions to remove the additions in both years. en-us Fri, 17 Oct 2014 00:00:00 +0530 Wed, 24 Aug 2016 10:44:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185702 The Tribunal held that additions made by the AO in the assessment years 2003-04 and 2005-06 under sec. 153A without incriminating material found during the search were not valid. It was established that additions in concluded assessments can only be based on incriminating material discovered during the search. Relying on precedent and the Mumbai Special Bench decision, the Tribunal directed the AO to delete the additions. Consequently, the appeals were allowed, and the orders of the ld. CIT(A) were set aside with instructions to remove the additions in both years. Case-Laws Income Tax Fri, 17 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185702