https://www.taxtmi.com/caselaws?id=366157 The Tribunal upheld the deletion of an addition on account of unaccounted production of Gutka Pouches due to lack of relevant evidence. It also ruled that additions made under Section 153A of the IT Act without incriminating material found during the search were not legally sustainable, leading to their deletion. Additionally, the Tribunal found that the addition on account of share application money and difference in stock value were not based on incriminating material and thus unsustainable, resulting in their deletion as well. The appeals and cross-objections were decided accordingly, with orders pronounced on 14/08/2018. en-us Tue, 14 Aug 2018 00:00:00 +0530 Thu, 30 Aug 2018 07:43:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366157 The Tribunal upheld the deletion of an addition on account of unaccounted production of Gutka Pouches due to lack of relevant evidence. It also ruled that additions made under Section 153A of the IT Act without incriminating material found during the search were not legally sustainable, leading to their deletion. Additionally, the Tribunal found that the addition on account of share application money and difference in stock value were not based on incriminating material and thus unsustainable, resulting in their deletion as well. The appeals and cross-objections were decided accordingly, with orders pronounced on 14/08/2018. Case-Laws Income Tax Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366157