https://www.taxtmi.com/caselaws?id=282431 The Tribunal dismissed both appeals filed by the Revenue, upholding the decision of the Ld.CIT(Appeals) to delete additions related to unexplained cash credits and undervalued shares made without incriminating material found during the search. The Tribunal emphasized that such additions were not justified under section 153A of the Act, referencing judicial pronouncements supporting the necessity of incriminating material for post-search additions. The Tribunal's decision aligned with precedents and clarified the interpretation of the Delhi High Court's decisions on this matter. en-us Fri, 05 Jan 2018 00:00:00 +0530 Wed, 07 Aug 2019 18:45:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282431 The Tribunal dismissed both appeals filed by the Revenue, upholding the decision of the Ld.CIT(Appeals) to delete additions related to unexplained cash credits and undervalued shares made without incriminating material found during the search. The Tribunal emphasized that such additions were not justified under section 153A of the Act, referencing judicial pronouncements supporting the necessity of incriminating material for post-search additions. The Tribunal's decision aligned with precedents and clarified the interpretation of the Delhi High Court's decisions on this matter. Case-Laws Income Tax Fri, 05 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282431