https://www.taxtmi.com/caselaws?id=411338 The ITAT upheld the CIT(A)'s decision to delete the additions made by the AO, emphasizing that assessments must be based on incriminating material found during the search. The AO's reliance on statements and documents alone was deemed insufficient without specific corroborative evidence related to the assessment years. The ITAT clarified that only assessments pending at the time of the search could be revisited. As a result, the appeals filed by the AO were dismissed. en-us Thu, 19 Aug 2021 00:00:00 +0530 Thu, 19 Aug 2021 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411338 The ITAT upheld the CIT(A)'s decision to delete the additions made by the AO, emphasizing that assessments must be based on incriminating material found during the search. The AO's reliance on statements and documents alone was deemed insufficient without specific corroborative evidence related to the assessment years. The ITAT clarified that only assessments pending at the time of the search could be revisited. As a result, the appeals filed by the AO were dismissed. Case-Laws Income Tax Thu, 19 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411338