https://www.taxtmi.com/caselaws?id=191682 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) to set aside assessments made by the Transfer Pricing Officer (TPO)/Assessing Officer (AO) under Section 153A of the Income Tax Act, 1961. The Court found that the absence of incriminating material from search and seizure proceedings invalidated the assessments. The Court agreed with the ITAT's application of the rule in CIT v. Kabul Chawla, leading to the dismissal of the revenue's appeal. en-us Fri, 23 Dec 2016 00:00:00 +0530 Thu, 13 Apr 2017 07:00:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191682 The High Court upheld the decision of the Income Tax Appellate Tribunal (ITAT) to set aside assessments made by the Transfer Pricing Officer (TPO)/Assessing Officer (AO) under Section 153A of the Income Tax Act, 1961. The Court found that the absence of incriminating material from search and seizure proceedings invalidated the assessments. The Court agreed with the ITAT's application of the rule in CIT v. Kabul Chawla, leading to the dismissal of the revenue's appeal. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191682