https://www.taxtmi.com/caselaws?id=295631 The ITAT Chennai dismissed the Revenue's appeals against the Order of the Commissioner of Income Tax (Appeals) for AYs 2009-10 to 2011-12. The appeals challenged disallowance of lease rent and interest on excess lease rental advance, invoking Sec.153A for reassessment. The Ld.CIT(A) deleted the additions due to lack of incriminating material found during search. Relying on precedent, the ITAT upheld the Ld.CIT(A)'s decision, emphasizing the necessity of incriminating material for reassessment under Sec.153A. en-us Tue, 02 Jul 2019 00:00:00 +0530 Sat, 12 Jun 2021 08:44:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295631 The ITAT Chennai dismissed the Revenue's appeals against the Order of the Commissioner of Income Tax (Appeals) for AYs 2009-10 to 2011-12. The appeals challenged disallowance of lease rent and interest on excess lease rental advance, invoking Sec.153A for reassessment. The Ld.CIT(A) deleted the additions due to lack of incriminating material found during search. Relying on precedent, the ITAT upheld the Ld.CIT(A)'s decision, emphasizing the necessity of incriminating material for reassessment under Sec.153A. Case-Laws Income Tax Tue, 02 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295631