https://www.taxtmi.com/caselaws?id=411871 The Tribunal upheld the CIT(A)'s decision to delete additions made under Section 68 of the IT Act for unexplained share capital, premium, and investment in property for the relevant assessment years. The additions were deemed invalid as they lacked incriminating material found during the search, and the assessments were non-abated. The Tribunal referenced legal precedents emphasizing that additions under Section 153A require incriminating material. Consequently, the Revenue's appeals were dismissed on 17/08/2021. en-us Tue, 17 Aug 2021 00:00:00 +0530 Mon, 06 Sep 2021 11:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411871 The Tribunal upheld the CIT(A)'s decision to delete additions made under Section 68 of the IT Act for unexplained share capital, premium, and investment in property for the relevant assessment years. The additions were deemed invalid as they lacked incriminating material found during the search, and the assessments were non-abated. The Tribunal referenced legal precedents emphasizing that additions under Section 153A require incriminating material. Consequently, the Revenue's appeals were dismissed on 17/08/2021. Case-Laws Income Tax Tue, 17 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411871