https://www.taxtmi.com/caselaws?id=199089 The High Court set aside the CIT(A)'s order for the assessment years 2004-05 & 2005-06, directing the AO to delete the additions as no incriminating material was found during the search. The penalty imposed under section 271(1)(c) for A.Y. 2005-06 was also revoked due to the invalidity of the assessment order. The court emphasized the necessity of incriminating material for assessments under section 153A and linked the dismissal of the penalty to the foundation of the assessment order being removed. en-us Fri, 11 Dec 2015 00:00:00 +0530 Tue, 20 Feb 2018 05:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199089 The High Court set aside the CIT(A)'s order for the assessment years 2004-05 & 2005-06, directing the AO to delete the additions as no incriminating material was found during the search. The penalty imposed under section 271(1)(c) for A.Y. 2005-06 was also revoked due to the invalidity of the assessment order. The court emphasized the necessity of incriminating material for assessments under section 153A and linked the dismissal of the penalty to the foundation of the assessment order being removed. Case-Laws Income Tax Fri, 11 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199089