https://www.taxtmi.com/caselaws?id=402732 The Tribunal allowed the assessee's appeals for the assessment years 2005-06, 2006-07, and 2007-08, quashing the assessments made under section 153C read with section 143(3) due to the lack of reference to incriminating material and the absence of the required satisfaction recorded by the AO of the searched person. The Tribunal emphasized the importance of procedural compliance and the necessity for additions to be supported by concrete evidence discovered during the search. en-us Fri, 08 Jan 2021 00:00:00 +0530 Wed, 03 Mar 2021 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402732 The Tribunal allowed the assessee's appeals for the assessment years 2005-06, 2006-07, and 2007-08, quashing the assessments made under section 153C read with section 143(3) due to the lack of reference to incriminating material and the absence of the required satisfaction recorded by the AO of the searched person. The Tribunal emphasized the importance of procedural compliance and the necessity for additions to be supported by concrete evidence discovered during the search. Case-Laws Income Tax Fri, 08 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402732