https://www.taxtmi.com/caselaws?id=347706 The Tribunal quashed the assessment proceedings under section 153A for all assessees due to the absence of incriminating material justifying the additions made. The Tribunal upheld the deletion of substantial income additions under section 2(24)(iv) related to share transfers, determining that the transfers were part of a restructuring scheme and not derived benefits. The Assessing Officer's failure to satisfy jurisdictional requirements rendered the assessment proceedings null and void. The departmental appeals challenging the deletion of additions were dismissed, and the order was issued on 30th August 2017. en-us Wed, 30 Aug 2017 00:00:00 +0530 Sat, 18 Nov 2017 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347706 The Tribunal quashed the assessment proceedings under section 153A for all assessees due to the absence of incriminating material justifying the additions made. The Tribunal upheld the deletion of substantial income additions under section 2(24)(iv) related to share transfers, determining that the transfers were part of a restructuring scheme and not derived benefits. The Assessing Officer's failure to satisfy jurisdictional requirements rendered the assessment proceedings null and void. The departmental appeals challenging the deletion of additions were dismissed, and the order was issued on 30th August 2017. Case-Laws Income Tax Wed, 30 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347706