https://www.taxtmi.com/caselaws?id=404272 The High Court upheld the ITAT's decision in the appeal against the ITAT's order for Assessment Years 2008-2009 to 2012-2013. The respondent assessee's appeals were allowed, while the appellant Revenue's appeals were dismissed. The High Court affirmed that regular books of account could not be deemed incriminating material for assessments under Section 153A read with Section 143(3) of the Income Tax Act. The decision reiterated the significance of incriminating material discovered during a search operation in altering completed assessments and highlighted the disparity between processing and assessing income under the Act. en-us Mon, 15 Feb 2021 00:00:00 +0530 Thu, 11 Jun 2026 15:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404272 The High Court upheld the ITAT's decision in the appeal against the ITAT's order for Assessment Years 2008-2009 to 2012-2013. The respondent assessee's appeals were allowed, while the appellant Revenue's appeals were dismissed. The High Court affirmed that regular books of account could not be deemed incriminating material for assessments under Section 153A read with Section 143(3) of the Income Tax Act. The decision reiterated the significance of incriminating material discovered during a search operation in altering completed assessments and highlighted the disparity between processing and assessing income under the Act. Case-Laws Income Tax Mon, 15 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404272