https://www.taxtmi.com/caselaws?id=368215 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 1,45,00,000 towards share application money and Rs. 72,500 for commission, as no incriminating material was found during the search. The Tribunal emphasized that assessments under section 153A cannot be made without such material, citing relevant case law. The revenue's appeal was dismissed, affirming that concluded assessments should not be disturbed without incriminating evidence, ensuring the additions made by the AO were not sustained. en-us Wed, 26 Sep 2018 00:00:00 +0530 Thu, 04 Oct 2018 07:30:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368215 The Tribunal upheld the CIT(A)'s decision to delete additions of Rs. 1,45,00,000 towards share application money and Rs. 72,500 for commission, as no incriminating material was found during the search. The Tribunal emphasized that assessments under section 153A cannot be made without such material, citing relevant case law. The revenue's appeal was dismissed, affirming that concluded assessments should not be disturbed without incriminating evidence, ensuring the additions made by the AO were not sustained. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368215