https://www.taxtmi.com/caselaws?id=283430 The tribunal ruled in favor of the assessee on both grounds. The assessment under Section 153A was deemed invalid as no incriminating material was found during the search, and additions made by the AO were ordered to be deleted. Similarly, the addition under Section 68 for share application money was deleted due to lack of corroborative evidence and reliance on a retracted statement. en-us Fri, 06 Jan 2017 00:00:00 +0530 Mon, 23 Sep 2019 10:00:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283430 The tribunal ruled in favor of the assessee on both grounds. The assessment under Section 153A was deemed invalid as no incriminating material was found during the search, and additions made by the AO were ordered to be deleted. Similarly, the addition under Section 68 for share application money was deleted due to lack of corroborative evidence and reliance on a retracted statement. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283430