https://www.taxtmi.com/caselaws?id=342748 The High Court dismissed four Revenue appeals under Section 260A of the Income Tax Act, 1961, challenging the validity of proceedings under Section 153C and the existence of incriminating material. The Court held that the seized material did not justify the additions to the Assessees' income made by the Assessing Officer, as it did not reveal undisclosed income not already disclosed during initial assessments. Consequently, the Court ruled in favor of the Assessees, leading to the deletion of the additions made by the CIT (A) and upheld by the ITAT. en-us Mon, 24 Apr 2017 00:00:00 +0530 Thu, 11 May 2017 07:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342748 The High Court dismissed four Revenue appeals under Section 260A of the Income Tax Act, 1961, challenging the validity of proceedings under Section 153C and the existence of incriminating material. The Court held that the seized material did not justify the additions to the Assessees' income made by the Assessing Officer, as it did not reveal undisclosed income not already disclosed during initial assessments. Consequently, the Court ruled in favor of the Assessees, leading to the deletion of the additions made by the CIT (A) and upheld by the ITAT. Case-Laws Income Tax Mon, 24 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342748