Court Rules Additions u/s 153C Require Incriminating Material, Satisfaction Note Alone Insufficient for Justification.

Court Rules Additions u/s 153C Require Incriminating Material, Satisfaction Note Alone Insufficient for Justification. https://www.taxtmi.com/highlights?id=55967 Assessment u/s 153C - it is contended that addition could be made in absence of any incriminating material found during the course of search. - Merely because a satisfaction note has been recorded, cannot lead us to reach to this conclusion, especially when the Revenue has not laid any foundation to support their contention. - HC en-us Sat, 19 Dec 2020 08:30:55 +0530 Sat, 19 Dec 2020 08:30:55 +0530 TaxTMI RSS Generator Court Rules Additions u/s 153C Require Incriminating Material, Satisfaction Note Alone Insufficient for Justification. https://www.taxtmi.com/highlights?id=55967 Assessment u/s 153C - it is contended that addition could be made in absence of any incriminating material found during the course of search. - Merely because a satisfaction note has been recorded, cannot lead us to reach to this conclusion, especially when the Revenue has not laid any foundation to support their contention. - HC Highlights Income Tax Sat, 19 Dec 2020 08:30:55 +0530 https://www.taxtmi.com/highlights?id=55967