https://www.taxtmi.com/caselaws?id=414993 The Tribunal held that the assessment framed under Section 153A of the Income Tax Act was invalid as no incriminating material was found during the search operations to support the additions made by the Assessing Officer. The Tribunal emphasized the lack of evidence linking the assessee to alleged bogus activities and the need for corroborative evidence to uphold additions. Consequently, the Tribunal allowed the appeals, deleted the additions, and declared the assessment under Section 153A as unsustainable, consistent across related cases within the group. en-us Tue, 02 Nov 2021 00:00:00 +0530 Mon, 22 Nov 2021 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414993 The Tribunal held that the assessment framed under Section 153A of the Income Tax Act was invalid as no incriminating material was found during the search operations to support the additions made by the Assessing Officer. The Tribunal emphasized the lack of evidence linking the assessee to alleged bogus activities and the need for corroborative evidence to uphold additions. Consequently, the Tribunal allowed the appeals, deleted the additions, and declared the assessment under Section 153A as unsustainable, consistent across related cases within the group. Case-Laws Income Tax Tue, 02 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414993