https://www.taxtmi.com/caselaws?id=373419 The Tribunal dismissed all appeals by the Revenue, holding that assessments under Section 153A/153C of the Act could not be conducted in the absence of incriminating material found during the search operation. The Tribunal emphasized that assessments could only be made based on such material and not on pre-existing information available to the Assessing Officer. Citing a Supreme Court judgment, the Tribunal upheld the order of the lower authority, thereby confirming that the advances could not be treated as income without new incriminating evidence. en-us Mon, 03 Dec 2018 00:00:00 +0530 Sat, 12 Jan 2019 07:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373419 The Tribunal dismissed all appeals by the Revenue, holding that assessments under Section 153A/153C of the Act could not be conducted in the absence of incriminating material found during the search operation. The Tribunal emphasized that assessments could only be made based on such material and not on pre-existing information available to the Assessing Officer. Citing a Supreme Court judgment, the Tribunal upheld the order of the lower authority, thereby confirming that the advances could not be treated as income without new incriminating evidence. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373419