https://www.taxtmi.com/caselaws?id=195555 The Tribunal ruled in favor of the assessee, deleting the additions made by the Assessing Officer under section 153A/143(3) of the Income Tax Act, 1961, as no incriminating material was found during the search operation to support the assessments. The Tribunal emphasized that assessments under section 153A must be based on relevant seized material, and since the additions were not substantiated by such material, they were considered arbitrary and were consequently removed. The appeal was allowed, highlighting the importance of adhering to the statutory requirements for valid assessments under the Act. en-us Thu, 21 Jan 2016 00:00:00 +0530 Fri, 03 Nov 2017 17:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195555 The Tribunal ruled in favor of the assessee, deleting the additions made by the Assessing Officer under section 153A/143(3) of the Income Tax Act, 1961, as no incriminating material was found during the search operation to support the assessments. The Tribunal emphasized that assessments under section 153A must be based on relevant seized material, and since the additions were not substantiated by such material, they were considered arbitrary and were consequently removed. The appeal was allowed, highlighting the importance of adhering to the statutory requirements for valid assessments under the Act. Case-Laws Income Tax Thu, 21 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195555