https://www.taxtmi.com/caselaws?id=333478 The Tribunal held that additions of Rs. 20,00,000/- and Rs. 72,00,000/- for the assessment years 2008-09 and 2009-10 were not justified without incriminating material found during the search. The AO should have relied on previous assessments under Section 143(3) or 143(1). Consequently, the appeals of the assessee were allowed, and the additions were deleted. en-us Fri, 07 Oct 2016 00:00:00 +0530 Fri, 14 Oct 2016 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333478 The Tribunal held that additions of Rs. 20,00,000/- and Rs. 72,00,000/- for the assessment years 2008-09 and 2009-10 were not justified without incriminating material found during the search. The AO should have relied on previous assessments under Section 143(3) or 143(1). Consequently, the appeals of the assessee were allowed, and the additions were deleted. Case-Laws Income Tax Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333478