https://www.taxtmi.com/caselaws?id=406332 The Department's appeal was dismissed as infructuous by the Tribunal. The Tribunal found the assessment order under Section 153A to be invalid due to the absence of new material found during the search, rendering other grounds academic. The Tribunal directed the Assessing Officer to estimate the assessee's income based on past profits, following the Andhra Pradesh High Court judgment in Indwell Construction Vs. CIT. The cross appeals were partly allowed for statistical purposes. en-us Thu, 01 Apr 2021 00:00:00 +0530 Mon, 12 Apr 2021 08:15:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406332 The Department's appeal was dismissed as infructuous by the Tribunal. The Tribunal found the assessment order under Section 153A to be invalid due to the absence of new material found during the search, rendering other grounds academic. The Tribunal directed the Assessing Officer to estimate the assessee's income based on past profits, following the Andhra Pradesh High Court judgment in Indwell Construction Vs. CIT. The cross appeals were partly allowed for statistical purposes. Case-Laws Income Tax Thu, 01 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406332