https://www.taxtmi.com/caselaws?id=194357 In completed assessments under section 153A, additions can be made only on the basis of incriminating material found during search; where no such material is found in relation to Swiss bank account transactions, the additions are not sustainable and are deleted. As the penalty under section 271(1)(c) rested entirely on those deleted additions, the penalty also fails and is cancelled. The stated ratio is that finalised assessments cannot be disturbed under section 153A without search-based incriminating evidence. en-us Wed, 21 Sep 2016 00:00:00 +0530 Tue, 05 Sep 2017 18:11:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194357 In completed assessments under section 153A, additions can be made only on the basis of incriminating material found during search; where no such material is found in relation to Swiss bank account transactions, the additions are not sustainable and are deleted. As the penalty under section 271(1)(c) rested entirely on those deleted additions, the penalty also fails and is cancelled. The stated ratio is that finalised assessments cannot be disturbed under section 153A without search-based incriminating evidence. Case-Laws Income Tax Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194357