https://www.taxtmi.com/caselaws?id=385836 The Tribunal ruled in favor of the assessee, holding that the addition of Rs. 1.01 crores under Section 153A was unjustified as no incriminating material was found during the search. Emphasizing that additions under Section 153A must be supported by seized material, the Tribunal concluded that the AO's decision to add the amount based solely on the balance sheet, previously scrutinized during the original assessment, was improper. The Tribunal directed the deletion of the addition, overturning the AO's decision. en-us Fri, 29 Mar 2019 00:00:00 +0530 Sat, 14 Sep 2019 12:51:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385836 The Tribunal ruled in favor of the assessee, holding that the addition of Rs. 1.01 crores under Section 153A was unjustified as no incriminating material was found during the search. Emphasizing that additions under Section 153A must be supported by seized material, the Tribunal concluded that the AO's decision to add the amount based solely on the balance sheet, previously scrutinized during the original assessment, was improper. The Tribunal directed the deletion of the addition, overturning the AO's decision. Case-Laws Income Tax Fri, 29 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385836