https://www.taxtmi.com/caselaws?id=294263 The Appellate Tribunal ITAT Chennai dismissed all four appeals filed by the Revenue for assessment years 2009-10, 2011-12, 2013-14, and 2014-15. The Tribunal upheld the lower authority's decisions, ruling that the tax effect for the appeals related to 2013-14 and 2014-15 was below the prescribed limit of Rs. 20 lakhs, as per CBDT circular. Additionally, regarding assessment years 2009-10 and 2011-12, the Tribunal held that without incriminating material found during the search operation, the Assessing Officer could not initiate proceedings under Section 153A of the Income-tax Act, 1961, in line with the precedent set by the Apex Court judgment in PCIT v. Meeta Gutgutia. en-us Fri, 05 Oct 2018 00:00:00 +0530 Fri, 02 Apr 2021 09:12:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294263 The Appellate Tribunal ITAT Chennai dismissed all four appeals filed by the Revenue for assessment years 2009-10, 2011-12, 2013-14, and 2014-15. The Tribunal upheld the lower authority's decisions, ruling that the tax effect for the appeals related to 2013-14 and 2014-15 was below the prescribed limit of Rs. 20 lakhs, as per CBDT circular. Additionally, regarding assessment years 2009-10 and 2011-12, the Tribunal held that without incriminating material found during the search operation, the Assessing Officer could not initiate proceedings under Section 153A of the Income-tax Act, 1961, in line with the precedent set by the Apex Court judgment in PCIT v. Meeta Gutgutia. Case-Laws Income Tax Fri, 05 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294263