https://www.taxtmi.com/caselaws?id=384585 The ITAT quashed the notice u/s 153C and annulled the assessment made u/s 143(3) r.w.s.153C as no incriminating material was found during the search. The additions were not based on seized evidence. The appeal of the revenue was dismissed, and the cross objections of the assessee were allowed. The judgment emphasized the necessity of incriminating material and jurisdictional requirements for invoking section 153C, ensuring assessments are grounded on valid evidence. en-us Wed, 14 Aug 2019 00:00:00 +0530 Sat, 17 Aug 2019 08:04:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384585 The ITAT quashed the notice u/s 153C and annulled the assessment made u/s 143(3) r.w.s.153C as no incriminating material was found during the search. The additions were not based on seized evidence. The appeal of the revenue was dismissed, and the cross objections of the assessee were allowed. The judgment emphasized the necessity of incriminating material and jurisdictional requirements for invoking section 153C, ensuring assessments are grounded on valid evidence. Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384585