https://www.taxtmi.com/caselaws?id=337364 The Tribunal allowed the appeal in part, ruling in favor of the assessee. It found that the AO's addition under section 14A was without jurisdiction as no incriminating material was found during the search, and the assessment had already attained finality. The Tribunal directed the AO to delete the addition, citing the precedent in Gurinder Singh Bawa case. The legal issue of jurisdiction was deemed fundamental, and the Tribunal decided to adjudicate it to ensure fairness without prejudicing the revenue. The decision was pronounced on 4th Jan, 2017. en-us Wed, 04 Jan 2017 00:00:00 +0530 Sat, 07 Jan 2017 10:16:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337364 The Tribunal allowed the appeal in part, ruling in favor of the assessee. It found that the AO's addition under section 14A was without jurisdiction as no incriminating material was found during the search, and the assessment had already attained finality. The Tribunal directed the AO to delete the addition, citing the precedent in Gurinder Singh Bawa case. The legal issue of jurisdiction was deemed fundamental, and the Tribunal decided to adjudicate it to ensure fairness without prejudicing the revenue. The decision was pronounced on 4th Jan, 2017. Case-Laws Income Tax Wed, 04 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337364