https://www.taxtmi.com/caselaws?id=405190 The Tribunal allowed both appeals filed by the assessee, ruling that no incriminating material was found during the search, leading to the deletion of additions made by the Assessing Officer. Disallowances under Sections 40A(3) and 37(1) were also overturned based on established legal principles. The orders of the CIT(A) were reversed, and the appeals were decided in favor of the assessee. en-us Fri, 12 Mar 2021 00:00:00 +0530 Tue, 27 Apr 2021 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405190 The Tribunal allowed both appeals filed by the assessee, ruling that no incriminating material was found during the search, leading to the deletion of additions made by the Assessing Officer. Disallowances under Sections 40A(3) and 37(1) were also overturned based on established legal principles. The orders of the CIT(A) were reversed, and the appeals were decided in favor of the assessee. Case-Laws Income Tax Fri, 12 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405190