https://www.taxtmi.com/caselaws?id=352090 The ITAT allowed the appeal, deleting the disputed addition of Rs. 46,19,000 under Section 153A of the IT Act for AY 2007-08. The ITAT emphasized the requirement of incriminating material to support such additions, citing legal precedents and the Delhi High Court's interpretation in CIT vs. Kabul Chawla. The decision highlighted the necessity of adhering to legal principles and precedents in tax assessments, ultimately ruling in favor of the appellant due to the absence of relevant incriminating material during the search. en-us Wed, 22 Nov 2017 00:00:00 +0530 Thu, 07 Dec 2017 08:43:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352090 The ITAT allowed the appeal, deleting the disputed addition of Rs. 46,19,000 under Section 153A of the IT Act for AY 2007-08. The ITAT emphasized the requirement of incriminating material to support such additions, citing legal precedents and the Delhi High Court's interpretation in CIT vs. Kabul Chawla. The decision highlighted the necessity of adhering to legal principles and precedents in tax assessments, ultimately ruling in favor of the appellant due to the absence of relevant incriminating material during the search. Case-Laws Income Tax Wed, 22 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352090