https://www.taxtmi.com/caselaws?id=286963 The Tribunal allowed the appeals of the assessee, quashing the assessments framed under section 153A for both AYs 2009-10 and 2010-11. It held that the assessments were not based on any incriminating material found during the search, and that the statements recorded during the search, without corroborating evidence, could not justify the reassessment. The Tribunal emphasized the importance of incriminating material in reassessments under section 153A and the limited scope of such reassessments for non-abated assessments. en-us Fri, 29 Nov 2019 00:00:00 +0530 Sun, 22 Mar 2020 16:40:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286963 The Tribunal allowed the appeals of the assessee, quashing the assessments framed under section 153A for both AYs 2009-10 and 2010-11. It held that the assessments were not based on any incriminating material found during the search, and that the statements recorded during the search, without corroborating evidence, could not justify the reassessment. The Tribunal emphasized the importance of incriminating material in reassessments under section 153A and the limited scope of such reassessments for non-abated assessments. Case-Laws Income Tax Fri, 29 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286963