https://www.taxtmi.com/caselaws?id=415367 The Tribunal ruled in favor of the assessee, holding that the additions made by the Assessing Officer were not justified due to the absence of incriminating material found during the search. The Tribunal allowed the assessee's appeals for the years 2008-09 to 2012-13, partly allowed the appeals for 2013-14 and 2014-15, and dismissed the revenue's appeal for 2010-11. The Tribunal also concluded that the assessee was eligible for the deduction under Section 80IB(10) and that the treatment of Long Term Capital Gain as business income was incorrect. en-us Tue, 10 Aug 2021 00:00:00 +0530 Sat, 04 Dec 2021 08:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415367 The Tribunal ruled in favor of the assessee, holding that the additions made by the Assessing Officer were not justified due to the absence of incriminating material found during the search. The Tribunal allowed the assessee's appeals for the years 2008-09 to 2012-13, partly allowed the appeals for 2013-14 and 2014-15, and dismissed the revenue's appeal for 2010-11. The Tribunal also concluded that the assessee was eligible for the deduction under Section 80IB(10) and that the treatment of Long Term Capital Gain as business income was incorrect. Case-Laws Income Tax Tue, 10 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415367