https://www.taxtmi.com/caselaws?id=355006 The Tribunal ruled in favor of the assessee in an appeal against the CIT(A)'s order regarding jurisdiction under section 153A of the Income Tax Act, 1961, and the addition of unaccounted jewellery. The Tribunal found that assessments made without incriminating material, such as in this case where only Wealth Tax Returns were relied upon, are illegal. As no incriminating evidence was found during search proceedings, the Tribunal quashed the additions made by the Assessing Officer. The appeal was allowed, emphasizing the necessity of incriminating material for valid assessments. en-us Mon, 11 Dec 2017 00:00:00 +0530 Thu, 08 Feb 2018 07:49:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355006 The Tribunal ruled in favor of the assessee in an appeal against the CIT(A)'s order regarding jurisdiction under section 153A of the Income Tax Act, 1961, and the addition of unaccounted jewellery. The Tribunal found that assessments made without incriminating material, such as in this case where only Wealth Tax Returns were relied upon, are illegal. As no incriminating evidence was found during search proceedings, the Tribunal quashed the additions made by the Assessing Officer. The appeal was allowed, emphasizing the necessity of incriminating material for valid assessments. Case-Laws Income Tax Mon, 11 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355006