https://www.taxtmi.com/caselaws?id=337543 The Tribunal ruled in favor of the Assessee, quashing the assessment order under section 153C/143(3) of the Income Tax Act, 1961, and dismissing the Revenue's appeal. The additions made by the Assessing Officer were deemed unsustainable as they lacked incriminating material, aligning with relevant legal precedents. The Tribunal upheld the Assessee's contentions, allowing their Cross Objection and emphasizing the legality of the assessment jurisdiction under section 153C. en-us Mon, 09 Jan 2017 00:00:00 +0530 Wed, 11 Jan 2017 07:26:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337543 The Tribunal ruled in favor of the Assessee, quashing the assessment order under section 153C/143(3) of the Income Tax Act, 1961, and dismissing the Revenue's appeal. The additions made by the Assessing Officer were deemed unsustainable as they lacked incriminating material, aligning with relevant legal precedents. The Tribunal upheld the Assessee's contentions, allowing their Cross Objection and emphasizing the legality of the assessment jurisdiction under section 153C. Case-Laws Income Tax Mon, 09 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337543