https://www.taxtmi.com/caselaws?id=352483 The Court dismissed the appeals concerning taxation under Section 68 of the Income Tax Act for Assessment Years 2003-2004 to 2005-2006. The Assessing Officer had made additions under Section 68, but the ITAT, following the Kabul Chawla case, deleted the amounts as no incriminating evidence was found during the search. As the ITAT's decision aligned with the Kabul Chawla precedent, the Court found no substantial question of law and upheld the deletions, emphasizing the importance of consistency and adherence to legal precedents in tax matters. en-us Mon, 04 Dec 2017 00:00:00 +0530 Fri, 15 Dec 2017 08:39:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352483 The Court dismissed the appeals concerning taxation under Section 68 of the Income Tax Act for Assessment Years 2003-2004 to 2005-2006. The Assessing Officer had made additions under Section 68, but the ITAT, following the Kabul Chawla case, deleted the amounts as no incriminating evidence was found during the search. As the ITAT's decision aligned with the Kabul Chawla precedent, the Court found no substantial question of law and upheld the deletions, emphasizing the importance of consistency and adherence to legal precedents in tax matters. Case-Laws Income Tax Mon, 04 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352483