https://www.taxtmi.com/caselaws?id=415188 The court invalidated Section 153A assessments due to lack of incriminating material, leading to deletion of additions/disallowances. Dismissed reliance on electricity bill as incriminating material for suppressed income. Found additions under Section 40A(3) and Section 68 unjustified, directing deletion. Assessee's appeals allowed, impugned additions deleted for all assessment years. Emphasized necessity of incriminating material in assessments, supporting assessee's contentions on suppressed income, disallowances, and unexplained cash credits. en-us Fri, 24 Sep 2021 00:00:00 +0530 Mon, 29 Nov 2021 08:59:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415188 The court invalidated Section 153A assessments due to lack of incriminating material, leading to deletion of additions/disallowances. Dismissed reliance on electricity bill as incriminating material for suppressed income. Found additions under Section 40A(3) and Section 68 unjustified, directing deletion. Assessee's appeals allowed, impugned additions deleted for all assessment years. Emphasized necessity of incriminating material in assessments, supporting assessee's contentions on suppressed income, disallowances, and unexplained cash credits. Case-Laws Income Tax Fri, 24 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415188