https://www.taxtmi.com/caselaws?id=389154 The Tribunal ruled in favor of the assessee, deleting the additions made under Section 68 for share application money and the disallowances under Section 14A read with Rule 8D. The Tribunal emphasized that such additions were not sustainable in the absence of incriminating material found during the search, citing judicial precedents. The judgment highlighted the limited scope of assessments under Section 153A when no incriminating material is discovered during the search. en-us Fri, 29 Nov 2019 00:00:00 +0530 Mon, 02 Dec 2019 16:56:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389154 The Tribunal ruled in favor of the assessee, deleting the additions made under Section 68 for share application money and the disallowances under Section 14A read with Rule 8D. The Tribunal emphasized that such additions were not sustainable in the absence of incriminating material found during the search, citing judicial precedents. The judgment highlighted the limited scope of assessments under Section 153A when no incriminating material is discovered during the search. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389154