https://www.taxtmi.com/caselaws?id=189855 The Tribunal held that the Assessing Officer's assessment under Section 153A was not justified as no incriminating material was found during the search, leading to the deletion of additions made. The Tribunal also emphasized the necessity of incriminating material for additions under Section 153A. Additionally, the Tribunal directed for the re-examination of issues related to share capital, unsecured loans, personal car usage, short-term capital gains, set off of carried forward losses, credit for taxes paid, and charging of interest for specific assessment years. en-us Tue, 31 May 2016 00:00:00 +0530 Mon, 23 Jan 2017 17:46:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189855 The Tribunal held that the Assessing Officer's assessment under Section 153A was not justified as no incriminating material was found during the search, leading to the deletion of additions made. The Tribunal also emphasized the necessity of incriminating material for additions under Section 153A. Additionally, the Tribunal directed for the re-examination of issues related to share capital, unsecured loans, personal car usage, short-term capital gains, set off of carried forward losses, credit for taxes paid, and charging of interest for specific assessment years. Case-Laws Income Tax Tue, 31 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189855