https://www.taxtmi.com/caselaws?id=360587 The Tribunal allowed the appeals, overturning the CIT(A) orders for assessment years 2007-08 to 2010-2011. It held that without incriminating material found during the search, additions based on estimates lacked legal basis. Relying on established legal principles, the Tribunal deleted the additions, emphasizing the necessity of incriminating material to support post-search additions. The decision underscored the importance of legal compliance and evidentiary support in tax assessments, ensuring adherence to legal requirements for substantiation. en-us Thu, 17 May 2018 00:00:00 +0530 Fri, 18 May 2018 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360587 The Tribunal allowed the appeals, overturning the CIT(A) orders for assessment years 2007-08 to 2010-2011. It held that without incriminating material found during the search, additions based on estimates lacked legal basis. Relying on established legal principles, the Tribunal deleted the additions, emphasizing the necessity of incriminating material to support post-search additions. The decision underscored the importance of legal compliance and evidentiary support in tax assessments, ensuring adherence to legal requirements for substantiation. Case-Laws Income Tax Thu, 17 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360587