https://www.taxtmi.com/caselaws?id=381504 The Tribunal allowed both appeals of the assessee, quashing the orders passed under section 263 for the Assessment Years 2011-12 and 2012-13. The Tribunal held that the additions/disallowances made in the assessments under section 153A were invalid as no incriminating material was found during the search. Additionally, it was determined that the Principal Commissioner of Income Tax had exceeded jurisdiction in revising the assessments without proper basis, leading to the decisions being deemed unlawful. en-us Wed, 10 Apr 2019 00:00:00 +0530 Wed, 12 Jun 2019 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381504 The Tribunal allowed both appeals of the assessee, quashing the orders passed under section 263 for the Assessment Years 2011-12 and 2012-13. The Tribunal held that the additions/disallowances made in the assessments under section 153A were invalid as no incriminating material was found during the search. Additionally, it was determined that the Principal Commissioner of Income Tax had exceeded jurisdiction in revising the assessments without proper basis, leading to the decisions being deemed unlawful. Case-Laws Income Tax Wed, 10 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381504