https://www.taxtmi.com/caselaws?id=286522 The Tribunal allowed the appeal, emphasizing the necessity of incriminating material for invoking section 153C of the Income Tax Act. The Tribunal held that without such material, action under section 153C is impermissible, following Supreme Court precedent. As there was no incriminating material found during the search related to the assessment year 2008-09, the Tribunal quashed the notice under section 153C, upholding the appeal and emphasizing the importance of a valid basis for assessments. en-us Wed, 10 Jan 2018 00:00:00 +0530 Tue, 03 Mar 2020 10:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286522 The Tribunal allowed the appeal, emphasizing the necessity of incriminating material for invoking section 153C of the Income Tax Act. The Tribunal held that without such material, action under section 153C is impermissible, following Supreme Court precedent. As there was no incriminating material found during the search related to the assessment year 2008-09, the Tribunal quashed the notice under section 153C, upholding the appeal and emphasizing the importance of a valid basis for assessments. Case-Laws Income Tax Wed, 10 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286522