https://www.taxtmi.com/caselaws?id=409888 The Tribunal held that assessment orders under Section 153A of the Income Tax Act must be based on incriminating material for completed assessments. Relying on legal precedents, including Supreme Court and High Court decisions, the Tribunal found that additions made without such material are impermissible. As the Assessing Officer did not rely on any incriminating material in this case, the additions were deemed unsustainable. The Tribunal allowed the appeals, deleting the additions and emphasizing the necessity of incriminating material for assessments completed before the search date. en-us Thu, 15 Jul 2021 00:00:00 +0530 Mon, 19 Jul 2021 10:24:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409888 The Tribunal held that assessment orders under Section 153A of the Income Tax Act must be based on incriminating material for completed assessments. Relying on legal precedents, including Supreme Court and High Court decisions, the Tribunal found that additions made without such material are impermissible. As the Assessing Officer did not rely on any incriminating material in this case, the additions were deemed unsustainable. The Tribunal allowed the appeals, deleting the additions and emphasizing the necessity of incriminating material for assessments completed before the search date. Case-Laws Income Tax Thu, 15 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409888