https://www.taxtmi.com/caselaws?id=388778 The Tribunal upheld the CIT(A)'s decision to delete additions made under Section 68 of the Income Tax Act as no incriminating material was found during the search. Reassessment proceedings under Section 153A were deemed invalid due to lack of new incriminating material. The Tribunal emphasized the AO lacked jurisdiction to reassess completed assessments without such material. All six revenue appeals were dismissed. en-us Fri, 15 Nov 2019 00:00:00 +0530 Fri, 22 Nov 2019 10:47:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388778 The Tribunal upheld the CIT(A)'s decision to delete additions made under Section 68 of the Income Tax Act as no incriminating material was found during the search. Reassessment proceedings under Section 153A were deemed invalid due to lack of new incriminating material. The Tribunal emphasized the AO lacked jurisdiction to reassess completed assessments without such material. All six revenue appeals were dismissed. Case-Laws Income Tax Fri, 15 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388778