https://www.taxtmi.com/caselaws?id=404987 The Tribunal allowed the appeal of the assessee, ruling that the additions made under Section 153A lacked incriminating material found during the search. Emphasizing that the assessment for the relevant year had not abated, the Tribunal held that no addition could be made without such material. Additionally, the Tribunal noted that the share applicant companies were assessed under Section 143(3), confirming their identity. The appeal was granted on legal grounds, rendering the assessment on merits moot. en-us Thu, 14 Jan 2021 00:00:00 +0530 Sat, 03 Apr 2021 16:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404987 The Tribunal allowed the appeal of the assessee, ruling that the additions made under Section 153A lacked incriminating material found during the search. Emphasizing that the assessment for the relevant year had not abated, the Tribunal held that no addition could be made without such material. Additionally, the Tribunal noted that the share applicant companies were assessed under Section 143(3), confirming their identity. The appeal was granted on legal grounds, rendering the assessment on merits moot. Case-Laws Income Tax Thu, 14 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404987