https://www.taxtmi.com/caselaws?id=384372 The Tribunal allowed both appeals by the assessee, directing the deletion of interest income additions for Assessment Years 2010-11 & 2012-13. It held that additions outside Section 153A require incriminating material, which was lacking in this case. The Tribunal emphasized the need for fresh evidence for such additions and highlighted the Assessing Officer's option to act under Section 147 with new information. The decision underscored compliance with legal provisions and judicial precedents. en-us Mon, 05 Aug 2019 00:00:00 +0530 Mon, 12 Aug 2019 07:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384372 The Tribunal allowed both appeals by the assessee, directing the deletion of interest income additions for Assessment Years 2010-11 & 2012-13. It held that additions outside Section 153A require incriminating material, which was lacking in this case. The Tribunal emphasized the need for fresh evidence for such additions and highlighted the Assessing Officer's option to act under Section 147 with new information. The decision underscored compliance with legal provisions and judicial precedents. Case-Laws Income Tax Mon, 05 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384372