https://www.taxtmi.com/caselaws?id=405796 The Tribunal upheld the decision of the Ld. CIT(A) in the case, ruling that proceedings under Section 153A of the Income-tax Act were invalid due to the absence of incriminating material and pending proceedings at the time of the search. The deletion of the addition under Section 14A was also upheld as no incriminating material was found during the search. The assessment order under Section 153A/143(3) was deemed void ab initio for the same reasons. The judgment emphasized the requirement of incriminating material for additions under Section 153A, dismissing the Revenue's appeal and the assessee's cross-objections. en-us Fri, 26 Mar 2021 00:00:00 +0530 Sat, 27 Mar 2021 07:40:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405796 The Tribunal upheld the decision of the Ld. CIT(A) in the case, ruling that proceedings under Section 153A of the Income-tax Act were invalid due to the absence of incriminating material and pending proceedings at the time of the search. The deletion of the addition under Section 14A was also upheld as no incriminating material was found during the search. The assessment order under Section 153A/143(3) was deemed void ab initio for the same reasons. The judgment emphasized the requirement of incriminating material for additions under Section 153A, dismissing the Revenue's appeal and the assessee's cross-objections. Case-Laws Income Tax Fri, 26 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405796