https://www.taxtmi.com/caselaws?id=193307 The tribunal held the assessment proceedings under section 153A of the Income Tax Act as null and void, citing the decision in CIT Vs Kabul Chawla, due to the lack of incriminating material justifying the additions made by the Assessing Officer. Additionally, the tribunal dismissed the Revenue's appeal on the disallowance of interest expenses, emphasizing the failure of the assessee to substantiate claims and procedural errors by the CIT(A). The judgment favored the assessee, upholding the validity challenge and rejecting the Revenue's appeal, ultimately resulting in the quashing of the assessment proceedings. en-us Fri, 09 Sep 2016 00:00:00 +0530 Mon, 24 Jul 2017 10:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193307 The tribunal held the assessment proceedings under section 153A of the Income Tax Act as null and void, citing the decision in CIT Vs Kabul Chawla, due to the lack of incriminating material justifying the additions made by the Assessing Officer. Additionally, the tribunal dismissed the Revenue's appeal on the disallowance of interest expenses, emphasizing the failure of the assessee to substantiate claims and procedural errors by the CIT(A). The judgment favored the assessee, upholding the validity challenge and rejecting the Revenue's appeal, ultimately resulting in the quashing of the assessment proceedings. Case-Laws Income Tax Fri, 09 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193307