https://www.taxtmi.com/caselaws?id=378255 The Tribunal dismissed the revenue's appeals for both Assessment Years 2009-10 and 2012-13, upholding the CIT(A)'s findings that the proceedings under Section 153A were invalid in the absence of incriminating material. Additionally, the Tribunal found the AO's rejection of books of accounts and estimation of gross profit on sales of gold and silver bullion to be unjustified, leading to the deletion of the additions made by the AO. The assessee's cross-objections were dismissed as infructuous. en-us Tue, 09 Apr 2019 00:00:00 +0530 Wed, 10 Apr 2019 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378255 The Tribunal dismissed the revenue's appeals for both Assessment Years 2009-10 and 2012-13, upholding the CIT(A)'s findings that the proceedings under Section 153A were invalid in the absence of incriminating material. Additionally, the Tribunal found the AO's rejection of books of accounts and estimation of gross profit on sales of gold and silver bullion to be unjustified, leading to the deletion of the additions made by the AO. The assessee's cross-objections were dismissed as infructuous. Case-Laws Income Tax Tue, 09 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378255