https://www.taxtmi.com/caselaws?id=354302 The Tribunal allowed the assessee's appeals for the assessment years 2005-06 and 2007-08, deleting additions for unexplained cash deposits, gifts, and redeposit of cash as the Assessing Officer lacked jurisdiction without incriminating material. The appeal for the assessment year 2008-09 regarding interest income was dismissed as the assessee did not pursue the issue. The revenue's appeals were also dismissed, affirming the CIT(A)'s deletions. The Tribunal emphasized that additions in search assessments require incriminating material, particularly for completed assessments. en-us Fri, 19 Jan 2018 00:00:00 +0530 Sun, 21 Jan 2018 11:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354302 The Tribunal allowed the assessee's appeals for the assessment years 2005-06 and 2007-08, deleting additions for unexplained cash deposits, gifts, and redeposit of cash as the Assessing Officer lacked jurisdiction without incriminating material. The appeal for the assessment year 2008-09 regarding interest income was dismissed as the assessee did not pursue the issue. The revenue's appeals were also dismissed, affirming the CIT(A)'s deletions. The Tribunal emphasized that additions in search assessments require incriminating material, particularly for completed assessments. Case-Laws Income Tax Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354302