https://www.taxtmi.com/caselaws?id=371873 The Tribunal ruled in favor of the assessee, holding that the disallowance of exemption under section 10(38) of the Income Tax Act was unsustainable as no incriminating material was found during the search, rendering it beyond the scope of section 153A. Emphasizing the necessity of seized material to support additions or disallowances under section 153A, the Tribunal allowed the appeal and deleted the disallowance under section 10(38) on 10th December 2018 in Ahmedabad. en-us Mon, 10 Dec 2018 00:00:00 +0530 Thu, 13 Dec 2018 14:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371873 The Tribunal ruled in favor of the assessee, holding that the disallowance of exemption under section 10(38) of the Income Tax Act was unsustainable as no incriminating material was found during the search, rendering it beyond the scope of section 153A. Emphasizing the necessity of seized material to support additions or disallowances under section 153A, the Tribunal allowed the appeal and deleted the disallowance under section 10(38) on 10th December 2018 in Ahmedabad. Case-Laws Income Tax Mon, 10 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371873