https://www.taxtmi.com/caselaws?id=378928 The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeals and allowing the assessee's cross objections. It emphasized that additions/disallowances under s.153A of the Income Tax Act must be linked to incriminating material found during search operations. Assessments for the relevant years were concluded, limiting the scope of s.153A assessments to undisclosed income/assets detected during the search. The Tribunal highlighted that additions/disallowances without a connection to incriminating material are not legally sustainable, based on legal precedents and established principles. en-us Mon, 11 Feb 2019 00:00:00 +0530 Wed, 24 Apr 2019 09:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378928 The Tribunal ruled in favor of the assessee, dismissing the Revenue's appeals and allowing the assessee's cross objections. It emphasized that additions/disallowances under s.153A of the Income Tax Act must be linked to incriminating material found during search operations. Assessments for the relevant years were concluded, limiting the scope of s.153A assessments to undisclosed income/assets detected during the search. The Tribunal highlighted that additions/disallowances without a connection to incriminating material are not legally sustainable, based on legal precedents and established principles. Case-Laws Income Tax Mon, 11 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378928