https://www.taxtmi.com/caselaws?id=415784 The Tribunal dismissed the Revenue's appeal, affirming that the notice issued under Section 153C was invalid as it lacked incriminating material. It upheld the CIT(A)'s decision and emphasized the necessity of a nexus between seized material and the relevant assessment years, as per the Supreme Court's ruling in a related case. The assessment framed without incriminating material was deemed invalid, leading to the annulment of the assessment by the Tribunal. en-us Tue, 07 Dec 2021 00:00:00 +0530 Tue, 14 Dec 2021 08:40:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415784 The Tribunal dismissed the Revenue's appeal, affirming that the notice issued under Section 153C was invalid as it lacked incriminating material. It upheld the CIT(A)'s decision and emphasized the necessity of a nexus between seized material and the relevant assessment years, as per the Supreme Court's ruling in a related case. The assessment framed without incriminating material was deemed invalid, leading to the annulment of the assessment by the Tribunal. Case-Laws Income Tax Tue, 07 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415784