https://www.taxtmi.com/caselaws?id=377096 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. It held that no addition under Section 68 could be made without incriminating material found during the search. The Tribunal found that the CIT(A) exceeded his jurisdiction by adding under Section 56(2)(viib) for share premium, not considered by the AO. The order to delete the addition under Section 68 was upheld, and the addition made under Section 56(2)(viib) was set aside. en-us Fri, 15 Mar 2019 00:00:00 +0530 Fri, 22 Mar 2019 07:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377096 The Tribunal dismissed the Revenue's appeal and allowed the assessee's appeal. It held that no addition under Section 68 could be made without incriminating material found during the search. The Tribunal found that the CIT(A) exceeded his jurisdiction by adding under Section 56(2)(viib) for share premium, not considered by the AO. The order to delete the addition under Section 68 was upheld, and the addition made under Section 56(2)(viib) was set aside. Case-Laws Income Tax Fri, 15 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377096