https://www.taxtmi.com/caselaws?id=343898 The Tribunal allowed the appeals, quashing the reassessment under Section 153C and deleting additions under Section 68. The reassessment was deemed invalid due to the AO's failure to satisfy that seized documents belonged to the assessee. Additionally, as no incriminating material was found, the additions under Section 68 were unwarranted. The decision underscores the significance of meeting procedural and substantive requirements in assessments and highlights the limited scope of assessment under Sections 153C and 153A without incriminating material. en-us Wed, 31 May 2017 00:00:00 +0530 Mon, 05 Jun 2017 07:09:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343898 The Tribunal allowed the appeals, quashing the reassessment under Section 153C and deleting additions under Section 68. The reassessment was deemed invalid due to the AO's failure to satisfy that seized documents belonged to the assessee. Additionally, as no incriminating material was found, the additions under Section 68 were unwarranted. The decision underscores the significance of meeting procedural and substantive requirements in assessments and highlights the limited scope of assessment under Sections 153C and 153A without incriminating material. Case-Laws Income Tax Wed, 31 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343898