https://www.taxtmi.com/caselaws?id=409134 The Tribunal upheld the Ld. CIT(A)'s decision to quash the reassessment order under section 153A as it was not based on incriminating material found during the search. The disallowance of deduction under section 80IAB was also dismissed since it was not supported by incriminating material. The Tribunal emphasized the necessity of incriminating material for reassessment under section 153A, as per the precedent set by the Hon'ble Delhi High Court. Therefore, the Revenue's appeal was dismissed, affirming the quashing of the reassessment and disallowance under section 80IAB. en-us Mon, 28 Jun 2021 00:00:00 +0530 Wed, 30 Jun 2021 08:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409134 The Tribunal upheld the Ld. CIT(A)'s decision to quash the reassessment order under section 153A as it was not based on incriminating material found during the search. The disallowance of deduction under section 80IAB was also dismissed since it was not supported by incriminating material. The Tribunal emphasized the necessity of incriminating material for reassessment under section 153A, as per the precedent set by the Hon'ble Delhi High Court. Therefore, the Revenue's appeal was dismissed, affirming the quashing of the reassessment and disallowance under section 80IAB. Case-Laws Income Tax Mon, 28 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409134