https://www.taxtmi.com/caselaws?id=417918 The Tribunal dismissed the Revenue's appeal, affirming the annulment of the assessment order by the Commissioner of Income Tax (Appeals). The Tribunal held that the notice under Section 153C was invalid as it lacked incriminating material, in line with legal precedents. The decision emphasized the necessity of a nexus between the notice and seized material for the relevant assessment years. The appeal was dismissed on 31/01/2022. en-us Mon, 31 Jan 2022 00:00:00 +0530 Fri, 04 Feb 2022 07:01:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417918 The Tribunal dismissed the Revenue's appeal, affirming the annulment of the assessment order by the Commissioner of Income Tax (Appeals). The Tribunal held that the notice under Section 153C was invalid as it lacked incriminating material, in line with legal precedents. The decision emphasized the necessity of a nexus between the notice and seized material for the relevant assessment years. The appeal was dismissed on 31/01/2022. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417918