https://www.taxtmi.com/caselaws?id=376261 The Tribunal allowed all three appeals of the assessee for the Assessment Years 2008-09 to 2010-11, ruling that additions in unabated assessments cannot be made without incriminating material found during a search under section 132 of the Income Tax Act. The disallowance of exemption claimed under section 80IB(10) was not justified as no incriminating material was discovered during the search, and the assessments were non-abated. The Tribunal emphasized the need for judicious exercise of power under section 153A based on the presence of incriminating material, which was absent in this case. en-us Thu, 28 Feb 2019 00:00:00 +0530 Fri, 05 Aug 2022 17:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376261 The Tribunal allowed all three appeals of the assessee for the Assessment Years 2008-09 to 2010-11, ruling that additions in unabated assessments cannot be made without incriminating material found during a search under section 132 of the Income Tax Act. The disallowance of exemption claimed under section 80IB(10) was not justified as no incriminating material was discovered during the search, and the assessments were non-abated. The Tribunal emphasized the need for judicious exercise of power under section 153A based on the presence of incriminating material, which was absent in this case. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376261