https://www.taxtmi.com/caselaws?id=416368 The ITAT allowed the appeal of the assessee, directing the deletion of the addition of Rs. 10 lakhs as other income. The decision was based on the lack of incriminating material found during the search operation, in line with the principle established in the case of Kabul Chawla. The ITAT emphasized the importance of incriminating material in assessment proceedings under section 153A of the IT Act, leading to the deletion of the addition and ruling in favor of the assessee. en-us Thu, 16 Dec 2021 00:00:00 +0530 Mon, 27 Dec 2021 06:37:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416368 The ITAT allowed the appeal of the assessee, directing the deletion of the addition of Rs. 10 lakhs as other income. The decision was based on the lack of incriminating material found during the search operation, in line with the principle established in the case of Kabul Chawla. The ITAT emphasized the importance of incriminating material in assessment proceedings under section 153A of the IT Act, leading to the deletion of the addition and ruling in favor of the assessee. Case-Laws Income Tax Thu, 16 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416368