https://www.taxtmi.com/caselaws?id=414926 The Tribunal dismissed the Revenue's appeals and allowed the assessee's cross-objections. It concluded that the additions made by the Assessing Officer under Section 153A of the Income Tax Act were not sustainable due to the absence of incriminating material. Additionally, the Tribunal upheld the CIT(A)'s decision to delete the additions on merits related to share application money, suppression of yield and unaccounted productions/sales, and excess stock of finished goods/raw material. en-us Thu, 21 Oct 2021 00:00:00 +0530 Fri, 19 Nov 2021 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414926 The Tribunal dismissed the Revenue's appeals and allowed the assessee's cross-objections. It concluded that the additions made by the Assessing Officer under Section 153A of the Income Tax Act were not sustainable due to the absence of incriminating material. Additionally, the Tribunal upheld the CIT(A)'s decision to delete the additions on merits related to share application money, suppression of yield and unaccounted productions/sales, and excess stock of finished goods/raw material. Case-Laws Income Tax Thu, 21 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414926