https://www.taxtmi.com/caselaws?id=416715 The Tribunal allowed the appeal, setting aside the lower authorities' orders and deleting the additions made by the Assessing Officer. It emphasized the necessity of incriminating material to justify additions under section 153A of the Income Tax Act, 1961. The Tribunal held that the Assessing Officer was not justified in making additions without such material, citing Delhi High Court decisions. The invocation of section 153A for the assessment year 2007-08 lacked legal basis, leading to the deletion of the additions. en-us Tue, 04 Jan 2022 00:00:00 +0530 Thu, 06 Jan 2022 07:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416715 The Tribunal allowed the appeal, setting aside the lower authorities' orders and deleting the additions made by the Assessing Officer. It emphasized the necessity of incriminating material to justify additions under section 153A of the Income Tax Act, 1961. The Tribunal held that the Assessing Officer was not justified in making additions without such material, citing Delhi High Court decisions. The invocation of section 153A for the assessment year 2007-08 lacked legal basis, leading to the deletion of the additions. Case-Laws Income Tax Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416715