https://www.taxtmi.com/caselaws?id=387514 The Tribunal quashed the assessment order for the assessment year 2005-06 under Section 153A due to the absence of incriminating material but upheld the action for the assessment year 2001-02 based on admitted unaccounted income. Additionally, the Tribunal emphasized the need for corroborative evidence when relying on statements recorded under Section 132(4) and set aside certain additions and penalties while confirming others based on the presence of incriminating material. The Tribunal also rejected the admission of additional evidence under Rule 46A. en-us Mon, 21 Oct 2019 00:00:00 +0530 Thu, 24 Oct 2019 09:46:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387514 The Tribunal quashed the assessment order for the assessment year 2005-06 under Section 153A due to the absence of incriminating material but upheld the action for the assessment year 2001-02 based on admitted unaccounted income. Additionally, the Tribunal emphasized the need for corroborative evidence when relying on statements recorded under Section 132(4) and set aside certain additions and penalties while confirming others based on the presence of incriminating material. The Tribunal also rejected the admission of additional evidence under Rule 46A. Case-Laws Income Tax Mon, 21 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387514