https://www.taxtmi.com/caselaws?id=293929 The Tribunal invalidated the assessment orders under Section 153A of the Income Tax Act as they were based solely on a statement without incriminating material found during the search. The failure to provide the assessee with the opportunity to cross-examine a key witness and the absence of independent corroboration led to the quashing of the assessment orders. The Tribunal emphasized the importance of following legal provisions and principles of natural justice, ultimately deleting the additions made by the Assessing Officer and allowing the appeals of the assessees. en-us Tue, 30 Jul 2019 00:00:00 +0530 Wed, 10 Mar 2021 08:28:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293929 The Tribunal invalidated the assessment orders under Section 153A of the Income Tax Act as they were based solely on a statement without incriminating material found during the search. The failure to provide the assessee with the opportunity to cross-examine a key witness and the absence of independent corroboration led to the quashing of the assessment orders. The Tribunal emphasized the importance of following legal provisions and principles of natural justice, ultimately deleting the additions made by the Assessing Officer and allowing the appeals of the assessees. Case-Laws Income Tax Tue, 30 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293929