https://www.taxtmi.com/caselaws?id=343309 The Tribunal ruled in favor of the Assessee in the appeal regarding the validity of the notice under section 153A and the assessment order for the assessment year 2008-09. The Tribunal found that the additions made by the Assessing Officer were not supported by incriminating material found during the search operation, rendering them unsustainable under section 153A. Consequently, the assessment order was quashed in favor of the Assessee. Additionally, the Tribunal dismissed the Revenue's Appeal challenging the additions of deemed dividend and benefit/perquisite, as they were also deemed unsustainable without incriminating material. en-us Fri, 19 May 2017 00:00:00 +0530 Sat, 20 May 2017 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343309 The Tribunal ruled in favor of the Assessee in the appeal regarding the validity of the notice under section 153A and the assessment order for the assessment year 2008-09. The Tribunal found that the additions made by the Assessing Officer were not supported by incriminating material found during the search operation, rendering them unsustainable under section 153A. Consequently, the assessment order was quashed in favor of the Assessee. Additionally, the Tribunal dismissed the Revenue's Appeal challenging the additions of deemed dividend and benefit/perquisite, as they were also deemed unsustainable without incriminating material. Case-Laws Income Tax Fri, 19 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343309