https://www.taxtmi.com/caselaws?id=332886 The Tribunal allowed the appeal in favor of the assessee, ruling that the disallowance under section 40A(3) and the assessment order under section 153A were unjustified due to the absence of incriminating material and pending assessment during the search. Consequently, the charging of interest under section 234B was deemed inconsequential, leading to the overall success of the assessee's appeal. en-us Tue, 16 Aug 2016 00:00:00 +0530 Wed, 28 Sep 2016 08:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332886 The Tribunal allowed the appeal in favor of the assessee, ruling that the disallowance under section 40A(3) and the assessment order under section 153A were unjustified due to the absence of incriminating material and pending assessment during the search. Consequently, the charging of interest under section 234B was deemed inconsequential, leading to the overall success of the assessee's appeal. Case-Laws Income Tax Tue, 16 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332886