https://www.taxtmi.com/caselaws?id=190529 The High Court dismissed the tax appeal, affirming the Tribunal's decision to delete the addition under section 2(22)(e) due to the absence of incriminating material during the search proceedings. The Court emphasized that assessments under section 153A should be based on material collected during the search or requisition, and if no incriminating material is found, assessments should align with previous assessments. The importance of providing the assessee with an opportunity to cross-examine individuals involved in the search before making any additions was highlighted. en-us Mon, 10 Oct 2016 00:00:00 +0530 Sat, 18 Feb 2017 10:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190529 The High Court dismissed the tax appeal, affirming the Tribunal's decision to delete the addition under section 2(22)(e) due to the absence of incriminating material during the search proceedings. The Court emphasized that assessments under section 153A should be based on material collected during the search or requisition, and if no incriminating material is found, assessments should align with previous assessments. The importance of providing the assessee with an opportunity to cross-examine individuals involved in the search before making any additions was highlighted. Case-Laws Income Tax Mon, 10 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190529