https://www.taxtmi.com/caselaws?id=369125 The Tribunal allowed the appeals of the assessee for AYs 2001-02, 2003-04, 2004-05, and 2005-06, deleting additions made by the AO and CIT(A) due to the absence of incriminating material. The revision order under section 263 for AY 2002-03 was quashed, and the consequential assessment was set aside. The matter of unexplained cash credit for AY 2006-07 was remanded to the AO for verification. The Tribunal emphasized that additions under section 153A require incriminating material found during the search for assessments and revisions to be valid. en-us Tue, 07 Aug 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:52:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369125 The Tribunal allowed the appeals of the assessee for AYs 2001-02, 2003-04, 2004-05, and 2005-06, deleting additions made by the AO and CIT(A) due to the absence of incriminating material. The revision order under section 263 for AY 2002-03 was quashed, and the consequential assessment was set aside. The matter of unexplained cash credit for AY 2006-07 was remanded to the AO for verification. The Tribunal emphasized that additions under section 153A require incriminating material found during the search for assessments and revisions to be valid. Case-Laws Income Tax Tue, 07 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369125