https://www.taxtmi.com/caselaws?id=352203 The Revenue's appeal against the deletion of addition under section 68 of the I.T. Act was dismissed. The Ld. CIT(A) deleted the addition of unexplained cash credit, aligning with the decision in CIT vs. Kabul Chawla. Despite the Revenue's argument that incriminating documents were not necessary for assessments under sections 153A/153C, the Tribunal upheld the deletion, emphasizing the requirement of incriminating material. The original assessment was completed under section 143(3) without any incriminating evidence found during the search, supporting the decision to delete the addition under section 68. en-us Thu, 07 Dec 2017 00:00:00 +0530 Sat, 09 Dec 2017 08:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352203 The Revenue's appeal against the deletion of addition under section 68 of the I.T. Act was dismissed. The Ld. CIT(A) deleted the addition of unexplained cash credit, aligning with the decision in CIT vs. Kabul Chawla. Despite the Revenue's argument that incriminating documents were not necessary for assessments under sections 153A/153C, the Tribunal upheld the deletion, emphasizing the requirement of incriminating material. The original assessment was completed under section 143(3) without any incriminating evidence found during the search, supporting the decision to delete the addition under section 68. Case-Laws Income Tax Thu, 07 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352203