https://www.taxtmi.com/caselaws?id=380122 The Tribunal held that the addition of ? 15,00,000/- as unexplained cash credit under section 68 of the Income Tax Act was not sustainable as it was made in an unabated assessment without any incriminating evidence found during the search. The Tribunal ruled that the scope of assessment under section 153A should be limited to undisclosed income detected based on incriminating material found during the search. As the bank account in question was disclosed in the books of account and balance-sheet filed with the regular return of income, it did not constitute incriminating material. Therefore, the Tribunal deleted the addition and allowed the appeal of the assessee. en-us Fri, 10 May 2019 00:00:00 +0530 Tue, 14 May 2019 07:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380122 The Tribunal held that the addition of ? 15,00,000/- as unexplained cash credit under section 68 of the Income Tax Act was not sustainable as it was made in an unabated assessment without any incriminating evidence found during the search. The Tribunal ruled that the scope of assessment under section 153A should be limited to undisclosed income detected based on incriminating material found during the search. As the bank account in question was disclosed in the books of account and balance-sheet filed with the regular return of income, it did not constitute incriminating material. Therefore, the Tribunal deleted the addition and allowed the appeal of the assessee. Case-Laws Income Tax Fri, 10 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380122