https://www.taxtmi.com/caselaws?id=332486 The Tribunal allowed the appeal regarding the disallowance under section 40A(3) of the Income Tax Act, stating that the addition was made without incriminating material and was based on conjectures and surmises, thus deleting the addition. Additionally, the Tribunal held that the AO's actions in passing the assessment order under section 153A without incriminating material were not sustainable, deleting the addition. However, the outcome regarding the charging of interest under section 234B was not explicitly mentioned in the judgment provided. en-us Mon, 08 Aug 2016 00:00:00 +0530 Mon, 19 Sep 2016 11:15:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332486 The Tribunal allowed the appeal regarding the disallowance under section 40A(3) of the Income Tax Act, stating that the addition was made without incriminating material and was based on conjectures and surmises, thus deleting the addition. Additionally, the Tribunal held that the AO's actions in passing the assessment order under section 153A without incriminating material were not sustainable, deleting the addition. However, the outcome regarding the charging of interest under section 234B was not explicitly mentioned in the judgment provided. Case-Laws Income Tax Mon, 08 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332486