https://www.taxtmi.com/caselaws?id=286512 In search-related assessments under section 153C read with section 143(3) of the Income-tax Act, additions under section 68 cannot be sustained unless supported by incriminating material found during the search. The Bombay High Court treated the issue as covered by binding precedent and applied that principle to hold that, where no such material exists, the additions lack legal basis and cannot stand. The Revenue's challenge therefore failed. en-us Wed, 06 Mar 2019 00:00:00 +0530 Mon, 16 Mar 2020 17:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286512 In search-related assessments under section 153C read with section 143(3) of the Income-tax Act, additions under section 68 cannot be sustained unless supported by incriminating material found during the search. The Bombay High Court treated the issue as covered by binding precedent and applied that principle to hold that, where no such material exists, the additions lack legal basis and cannot stand. The Revenue's challenge therefore failed. Case-Laws Income Tax Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286512