https://www.taxtmi.com/caselaws?id=284922 The ITAT upheld the CIT (A)'s decision to delete the addition to the Assessee's income, emphasizing the necessity for a direct nexus between incriminating material found during a search and any subsequent additions made under Section 153C of the Income Tax Act, 1961. The search and seizure operation at various premises of M/s Today Homes & Infrastructure Pvt. Ltd. did not establish a clear connection between the seized material and the income addition sourced from different entities. As a result, the appeal was dismissed, highlighting the importance of a direct link between the incriminating material and income additions. en-us Mon, 13 May 2019 00:00:00 +0530 Tue, 17 Dec 2019 09:39:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284922 The ITAT upheld the CIT (A)'s decision to delete the addition to the Assessee's income, emphasizing the necessity for a direct nexus between incriminating material found during a search and any subsequent additions made under Section 153C of the Income Tax Act, 1961. The search and seizure operation at various premises of M/s Today Homes & Infrastructure Pvt. Ltd. did not establish a clear connection between the seized material and the income addition sourced from different entities. As a result, the appeal was dismissed, highlighting the importance of a direct link between the incriminating material and income additions. Case-Laws Income Tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284922