https://www.taxtmi.com/caselaws?id=287151 The Tribunal allowed the appeal, setting aside the additions made by the AO under section 2(22)(e) of the Income Tax Act. It emphasized the necessity of incriminating material for such additions in the absence of pending assessment proceedings. The Tribunal held that additions could only be made based on seized material and concluded that no valid additions could be made in this case due to the absence of incriminating evidence during the search and seizure proceedings. en-us Mon, 11 Mar 2019 00:00:00 +0530 Wed, 01 Apr 2020 10:37:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287151 The Tribunal allowed the appeal, setting aside the additions made by the AO under section 2(22)(e) of the Income Tax Act. It emphasized the necessity of incriminating material for such additions in the absence of pending assessment proceedings. The Tribunal held that additions could only be made based on seized material and concluded that no valid additions could be made in this case due to the absence of incriminating evidence during the search and seizure proceedings. Case-Laws Income Tax Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287151