https://www.taxtmi.com/caselaws?id=413688 The Tribunal held that the assessment under Section 153C without incriminating material and notice under Section 143(2) was illegal. Additions based on goodwill from amalgamation were deemed improper as they were disclosed and not incriminating. The Tribunal found borrowed satisfaction and lack of prior approval under Section 153D, rendering the assessment void. The additions made were beyond the scope of the law, leading to the dismissal of Revenue's appeals and setting aside of assessment orders. The Tribunal ruled in favor of the assessee, leaving the merit-based additions for academic discussion. en-us Wed, 13 Oct 2021 00:00:00 +0530 Mon, 18 Oct 2021 09:29:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413688 The Tribunal held that the assessment under Section 153C without incriminating material and notice under Section 143(2) was illegal. Additions based on goodwill from amalgamation were deemed improper as they were disclosed and not incriminating. The Tribunal found borrowed satisfaction and lack of prior approval under Section 153D, rendering the assessment void. The additions made were beyond the scope of the law, leading to the dismissal of Revenue's appeals and setting aside of assessment orders. The Tribunal ruled in favor of the assessee, leaving the merit-based additions for academic discussion. Case-Laws Income Tax Wed, 13 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413688