https://www.taxtmi.com/caselaws?id=283901 The Tribunal held that under Section 153A of the Income-tax Act, the Assessing Officer can only reassess income based on incriminating material seized during a search. Without such material, completed assessments cannot be altered arbitrarily. The Tribunal emphasized the necessity of valid grounds for making fresh additions during reassessment proceedings. As no incriminating material was found in this case, the Tribunal upheld the order of the Ld. CIT(A) and dismissed the revenue's appeal. The decision underscored the importance of incriminating material in reassessment and the limitations on altering completed assessments without a valid basis. en-us Tue, 21 Aug 2018 00:00:00 +0530 Sun, 20 Oct 2019 15:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283901 The Tribunal held that under Section 153A of the Income-tax Act, the Assessing Officer can only reassess income based on incriminating material seized during a search. Without such material, completed assessments cannot be altered arbitrarily. The Tribunal emphasized the necessity of valid grounds for making fresh additions during reassessment proceedings. As no incriminating material was found in this case, the Tribunal upheld the order of the Ld. CIT(A) and dismissed the revenue's appeal. The decision underscored the importance of incriminating material in reassessment and the limitations on altering completed assessments without a valid basis. Case-Laws Income Tax Tue, 21 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283901