https://www.taxtmi.com/caselaws?id=296227 The Tribunal allowed the assessee's cross-objection, dismissing the Revenue's appeal. The assessment order under Section 158BD was quashed due to an invalid notice and improper satisfaction note recording. The addition of undisclosed income was deemed unjustified on merits, as no incriminating material was found during the search, and transactions were properly recorded. The Tribunal upheld the CIT(A)'s decision to delete the addition, finding no basis for interference. en-us Mon, 31 Mar 2008 00:00:00 +0530 Sat, 10 Jul 2021 11:23:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=296227 The Tribunal allowed the assessee's cross-objection, dismissing the Revenue's appeal. The assessment order under Section 158BD was quashed due to an invalid notice and improper satisfaction note recording. The addition of undisclosed income was deemed unjustified on merits, as no incriminating material was found during the search, and transactions were properly recorded. The Tribunal upheld the CIT(A)'s decision to delete the addition, finding no basis for interference. Case-Laws Income Tax Mon, 31 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=296227