https://www.taxtmi.com/caselaws?id=416657 The Tribunal quashed the assessment proceedings under Section 153A due to the absence of incriminating material, leading to the dismissal of the appeal filed by the Revenue. Consequently, the addition of Rs. 1,65,00,000/- under Section 68 on account of unexplained share capital and share premium was also deemed unnecessary for further adjudication. en-us Tue, 14 Dec 2021 00:00:00 +0530 Tue, 04 Jan 2022 07:23:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416657 The Tribunal quashed the assessment proceedings under Section 153A due to the absence of incriminating material, leading to the dismissal of the appeal filed by the Revenue. Consequently, the addition of Rs. 1,65,00,000/- under Section 68 on account of unexplained share capital and share premium was also deemed unnecessary for further adjudication. Case-Laws Income Tax Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416657