https://www.taxtmi.com/caselaws?id=373532 The Tribunal allowed the assessee's appeals, overturning the additions made by the Assessing Officer (A.O.) under section 153A/143(3) of the Income-tax Act. The Tribunal held that the A.O. lacked jurisdiction to make additions without incriminating material found during the search and had violated principles of natural justice. The Tribunal also rejected the additions related to unexplained cash credits, interest charges, disallowance of set-off, and deemed dividend, emphasizing the importance of corroborative evidence and proper assessment procedures. The Tribunal directed the deletion of all contested additions, ruling in favor of the assessee. en-us Thu, 10 Jan 2019 00:00:00 +0530 Tue, 15 Jan 2019 12:04:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373532 The Tribunal allowed the assessee's appeals, overturning the additions made by the Assessing Officer (A.O.) under section 153A/143(3) of the Income-tax Act. The Tribunal held that the A.O. lacked jurisdiction to make additions without incriminating material found during the search and had violated principles of natural justice. The Tribunal also rejected the additions related to unexplained cash credits, interest charges, disallowance of set-off, and deemed dividend, emphasizing the importance of corroborative evidence and proper assessment procedures. The Tribunal directed the deletion of all contested additions, ruling in favor of the assessee. Case-Laws Income Tax Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373532