https://www.taxtmi.com/caselaws?id=381911 The Tribunal dismissed the Revenue's appeal, affirming that the addition of Rs. 65,00,000/- under Section 68 was not sustainable under Section 153A in the absence of incriminating material found during the search. The Tribunal clarified that the AO could initiate proceedings under Section 147/148 if the time limit allowed. en-us Mon, 17 Jun 2019 00:00:00 +0530 Wed, 28 Aug 2019 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381911 The Tribunal dismissed the Revenue's appeal, affirming that the addition of Rs. 65,00,000/- under Section 68 was not sustainable under Section 153A in the absence of incriminating material found during the search. The Tribunal clarified that the AO could initiate proceedings under Section 147/148 if the time limit allowed. Case-Laws Income Tax Mon, 17 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381911