Assessment u/s 153A Invalidated Due to Lack of Incriminating Evidence; No Contradiction Found in Assessee's Position.

Assessment u/s 153A Invalidated Due to Lack of Incriminating Evidence; No Contradiction Found in Assessee's Position. https://www.taxtmi.com/highlights?id=55378 Assessment u/s. 153A - income earned from undisclosed sources - unexplained investment u/s. 69 - AO has not referred to any incriminating material found during the course of search in the assessment order. Nothing is found contrary to the stated position of the assessee, therefore, the assessment framed u/s. 153A of the Act is not sustainable - AT en-us Tue, 03 Nov 2020 11:16:46 +0530 Tue, 03 Nov 2020 11:16:46 +0530 TaxTMI RSS Generator Assessment u/s 153A Invalidated Due to Lack of Incriminating Evidence; No Contradiction Found in Assessee's Position. https://www.taxtmi.com/highlights?id=55378 Assessment u/s. 153A - income earned from undisclosed sources - unexplained investment u/s. 69 - AO has not referred to any incriminating material found during the course of search in the assessment order. Nothing is found contrary to the stated position of the assessee, therefore, the assessment framed u/s. 153A of the Act is not sustainable - AT Highlights Income Tax Tue, 03 Nov 2020 11:16:46 +0530 https://www.taxtmi.com/highlights?id=55378