https://www.taxtmi.com/caselaws?id=392342 The Tribunal allowed the appeals of the assessee, holding that the initiation of proceedings under section 153A was invalid due to the absence of incriminating material found during the search. Additionally, the additions under sections 68 and 69C were deemed unjustified as they were based on presumptions and lacked concrete evidence. The Tribunal concluded that the AO violated the principles of natural justice by not allowing the assessee to cross-examine witnesses, leading to the decisions being unsupported. en-us Fri, 07 Feb 2020 00:00:00 +0530 Mon, 24 Aug 2020 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392342 The Tribunal allowed the appeals of the assessee, holding that the initiation of proceedings under section 153A was invalid due to the absence of incriminating material found during the search. Additionally, the additions under sections 68 and 69C were deemed unjustified as they were based on presumptions and lacked concrete evidence. The Tribunal concluded that the AO violated the principles of natural justice by not allowing the assessee to cross-examine witnesses, leading to the decisions being unsupported. Case-Laws Income Tax Fri, 07 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392342