https://www.taxtmi.com/caselaws?id=392496 The appeals by the Revenue for assessment years 2006-07 to 2011-12, stemming from a search and seizure action on Pasco Group cases, were dismissed. The Tribunal upheld the CIT(A)'s decision to delete additions made on various expenses, including unexplained cash deposits, as they lacked incriminating evidence. The Tribunal emphasized the necessity of incriminating material for additions post-search, aligning with principles from the Kabul Chawla case. The ruling highlighted the importance of basing assessments on relevant material rather than arbitrary grounds. en-us Tue, 18 Feb 2020 00:00:00 +0530 Fri, 21 Feb 2020 12:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392496 The appeals by the Revenue for assessment years 2006-07 to 2011-12, stemming from a search and seizure action on Pasco Group cases, were dismissed. The Tribunal upheld the CIT(A)'s decision to delete additions made on various expenses, including unexplained cash deposits, as they lacked incriminating evidence. The Tribunal emphasized the necessity of incriminating material for additions post-search, aligning with principles from the Kabul Chawla case. The ruling highlighted the importance of basing assessments on relevant material rather than arbitrary grounds. Case-Laws Income Tax Tue, 18 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392496