https://www.taxtmi.com/caselaws?id=367133 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,35,08,000/- made by the AO under Section 153A, as no incriminating material was found during the search. The Tribunal cited the Bombay High Court's precedent to support its decision, emphasizing that assessments can only be reassessed based on new incriminating material found during the search. The revenue's appeal was dismissed, and the assessee's cross-objections were deemed infructuous. en-us Wed, 12 Sep 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:40:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367133 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,35,08,000/- made by the AO under Section 153A, as no incriminating material was found during the search. The Tribunal cited the Bombay High Court's precedent to support its decision, emphasizing that assessments can only be reassessed based on new incriminating material found during the search. The revenue's appeal was dismissed, and the assessee's cross-objections were deemed infructuous. Case-Laws Income Tax Wed, 12 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367133