https://www.taxtmi.com/caselaws?id=294234 The Tribunal dismissed the Revenue's appeal and the assessee's cross objections, upholding the deletion of the addition made under section 14A read with Rule 8D. The Tribunal emphasized that assessments under section 153A must be based on seized material, and without such material, additions cannot be sustained. Therefore, the appeal was found groundless, and both the Revenue's appeal and the assessee's cross objections were dismissed as infructuous. en-us Thu, 13 Feb 2020 00:00:00 +0530 Mon, 29 Mar 2021 19:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294234 The Tribunal dismissed the Revenue's appeal and the assessee's cross objections, upholding the deletion of the addition made under section 14A read with Rule 8D. The Tribunal emphasized that assessments under section 153A must be based on seized material, and without such material, additions cannot be sustained. Therefore, the appeal was found groundless, and both the Revenue's appeal and the assessee's cross objections were dismissed as infructuous. Case-Laws Income Tax Thu, 13 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294234