https://www.taxtmi.com/caselaws?id=411016 The Court held that the assessment order under Section 153A of the Income Tax Act for AY 2015-16 was invalid as it was based on materials from a survey, not a search, lacking incriminating evidence. The Court emphasized that Section 153A requires incriminating material from a search for assessments. As no such material was found during the search, the jurisdiction to reopen the assessment was deemed unfounded. Consequently, the Court set aside the assessment order and demand notice, ruling in favor of the petitioner without costs. en-us Tue, 10 Aug 2021 00:00:00 +0530 Fri, 22 Oct 2021 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411016 The Court held that the assessment order under Section 153A of the Income Tax Act for AY 2015-16 was invalid as it was based on materials from a survey, not a search, lacking incriminating evidence. The Court emphasized that Section 153A requires incriminating material from a search for assessments. As no such material was found during the search, the jurisdiction to reopen the assessment was deemed unfounded. Consequently, the Court set aside the assessment order and demand notice, ruling in favor of the petitioner without costs. Case-Laws Income Tax Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411016