https://www.taxtmi.com/caselaws?id=365587 The Tribunal allowed the appeal, emphasizing the necessity of incriminating material for justifying additions under section 68 of the Income Tax Act, 1961. Following the principles established by the Hon'ble jurisdictional High Court, the Tribunal held that without such material, no fresh disallowance can be made in the assessment under section 153A. Consequently, the Tribunal deleted the addition of Rs. 24.00 lac, as no incriminating material was found, ensuring assessments are based on relevant evidence to uphold fairness and legality in tax proceedings. en-us Fri, 17 Aug 2018 00:00:00 +0530 Mon, 20 Aug 2018 08:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365587 The Tribunal allowed the appeal, emphasizing the necessity of incriminating material for justifying additions under section 68 of the Income Tax Act, 1961. Following the principles established by the Hon'ble jurisdictional High Court, the Tribunal held that without such material, no fresh disallowance can be made in the assessment under section 153A. Consequently, the Tribunal deleted the addition of Rs. 24.00 lac, as no incriminating material was found, ensuring assessments are based on relevant evidence to uphold fairness and legality in tax proceedings. Case-Laws Income Tax Fri, 17 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365587