https://www.taxtmi.com/caselaws?id=337962 The Tribunal held that assessments under section 153C without recording satisfaction and in the absence of incriminating material were not justified. Consequently, additions on account of share capital for the assessment years 2004-05 and 2005-06 were deleted. The assessee's appeals were allowed based on the legal issues, and the order was pronounced on November 9, 2016. en-us Wed, 09 Nov 2016 00:00:00 +0530 Sat, 21 Jan 2017 07:33:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337962 The Tribunal held that assessments under section 153C without recording satisfaction and in the absence of incriminating material were not justified. Consequently, additions on account of share capital for the assessment years 2004-05 and 2005-06 were deleted. The assessee's appeals were allowed based on the legal issues, and the order was pronounced on November 9, 2016. Case-Laws Income Tax Wed, 09 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337962