https://www.taxtmi.com/caselaws?id=286204 The Tribunal held that additions towards unexplained credits and disallowance of interest were not justified as they were not based on any incriminating material found during the search. The Tribunal referred to relevant case law and established that assessments under section 143(3) read with section 153A should be supported by incriminating material. Consequently, the Tribunal allowed the appeal, directing the Assessing Officer to delete the additions made towards unexplained credits and interest disallowance. en-us Wed, 27 Sep 2017 00:00:00 +0530 Fri, 28 Feb 2020 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286204 The Tribunal held that additions towards unexplained credits and disallowance of interest were not justified as they were not based on any incriminating material found during the search. The Tribunal referred to relevant case law and established that assessments under section 143(3) read with section 153A should be supported by incriminating material. Consequently, the Tribunal allowed the appeal, directing the Assessing Officer to delete the additions made towards unexplained credits and interest disallowance. Case-Laws Income Tax Wed, 27 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286204