https://www.taxtmi.com/caselaws?id=382613 The appeal challenging the assessment under Section 153-A of the Income Tax Act for the Assessment Year 2010-11 was dismissed. The Commissioner of Income Tax (Appeals) had quashed the assessment due to the lack of incriminating material found during a search operation. Despite the Revenue's appeal in the Supreme Court being dismissed based on the tax effect limit, the High Court's judgment remained valid. As there was no stay on the High Court's decision, the Court upheld the ITAT's order, finding no substantial legal question to warrant interference. The appeal was consequently dismissed. en-us Tue, 02 Jul 2019 00:00:00 +0530 Sat, 06 Jul 2019 08:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382613 The appeal challenging the assessment under Section 153-A of the Income Tax Act for the Assessment Year 2010-11 was dismissed. The Commissioner of Income Tax (Appeals) had quashed the assessment due to the lack of incriminating material found during a search operation. Despite the Revenue's appeal in the Supreme Court being dismissed based on the tax effect limit, the High Court's judgment remained valid. As there was no stay on the High Court's decision, the Court upheld the ITAT's order, finding no substantial legal question to warrant interference. The appeal was consequently dismissed. Case-Laws Income Tax Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382613