https://www.taxtmi.com/caselaws?id=399815 The Tribunal allowed the assessee's appeals and dismissed the revenue's appeals. The initiation of proceedings under Section 153C was deemed invalid due to inadequate satisfaction recording. The disallowance of expenses and protective additions were deleted as they lacked incriminating material from the search. The Tribunal stressed the requirement of incriminating material for additions under Section 153C. en-us Wed, 30 Sep 2020 00:00:00 +0530 Tue, 20 Oct 2020 12:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399815 The Tribunal allowed the assessee's appeals and dismissed the revenue's appeals. The initiation of proceedings under Section 153C was deemed invalid due to inadequate satisfaction recording. The disallowance of expenses and protective additions were deleted as they lacked incriminating material from the search. The Tribunal stressed the requirement of incriminating material for additions under Section 153C. Case-Laws Income Tax Wed, 30 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399815