https://www.taxtmi.com/caselaws?id=409859 The Tribunal ruled in favor of the assessees, concluding that the assessments were completed without any incriminating material found during the search. Therefore, the additions made by the Assessing Officer based on entries in the books of account were deemed unsustainable. The Tribunal allowed Ground No. 2 in all appeals, partially allowing the assessees' appeals and emphasizing that additions in concluded assessments must be supported by incriminating material found during the search, in line with established legal principles. en-us Thu, 27 May 2021 00:00:00 +0530 Mon, 19 Jul 2021 10:22:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409859 The Tribunal ruled in favor of the assessees, concluding that the assessments were completed without any incriminating material found during the search. Therefore, the additions made by the Assessing Officer based on entries in the books of account were deemed unsustainable. The Tribunal allowed Ground No. 2 in all appeals, partially allowing the assessees' appeals and emphasizing that additions in concluded assessments must be supported by incriminating material found during the search, in line with established legal principles. Case-Laws Income Tax Thu, 27 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409859