https://www.taxtmi.com/caselaws?id=340959 The appeals filed by the assessee were allowed, and the additions made by the Assessing Officer under Section 68 of the Income Tax Act were deleted for all assessment years due to the absence of incriminating material found during the search. The Revenue's appeal for the assessment year 2004-05 was dismissed for not meeting the tax effect threshold as per CBDT Instructions. The Tribunal emphasized that additions under Section 153A should be based on incriminating material and held that the CIT(A) lacked the authority to remand matters for verification by the Assessing Officer. en-us Wed, 15 Feb 2017 00:00:00 +0530 Thu, 23 Mar 2017 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340959 The appeals filed by the assessee were allowed, and the additions made by the Assessing Officer under Section 68 of the Income Tax Act were deleted for all assessment years due to the absence of incriminating material found during the search. The Revenue's appeal for the assessment year 2004-05 was dismissed for not meeting the tax effect threshold as per CBDT Instructions. The Tribunal emphasized that additions under Section 153A should be based on incriminating material and held that the CIT(A) lacked the authority to remand matters for verification by the Assessing Officer. Case-Laws Income Tax Wed, 15 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340959