https://www.taxtmi.com/caselaws?id=368084 The Tribunal deemed the initiation of proceedings under Section 153A invalid due to the absence of incriminating material during the search. As a result, the addition of Rs. 87,00,000 as unexplained cash credits under Section 68 was deleted. The Tribunal also found no breach of natural justice principles and ruled against the levy of interest under Sections 234A, 234B, 234C, and 234D. The appeals of the assessee were fully allowed. en-us Mon, 17 Sep 2018 00:00:00 +0530 Fri, 28 Sep 2018 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368084 The Tribunal deemed the initiation of proceedings under Section 153A invalid due to the absence of incriminating material during the search. As a result, the addition of Rs. 87,00,000 as unexplained cash credits under Section 68 was deleted. The Tribunal also found no breach of natural justice principles and ruled against the levy of interest under Sections 234A, 234B, 234C, and 234D. The appeals of the assessee were fully allowed. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368084