https://www.taxtmi.com/caselaws?id=418326 The Tribunal allowed the appeal, quashing the assessment proceedings under section 153A due to improper jurisdiction and lack of incriminating material. The addition of Rs. 10 lakhs as unsecured loan under section 68 was not further adjudicated. The jurisdictional challenge regarding the searched premises was upheld, as documents were seized from a different address. Additional grounds raised by the assessee were admitted but deemed academic. The Tribunal's decision was pronounced on 11.02.2022. en-us Fri, 11 Feb 2022 00:00:00 +0530 Mon, 14 Feb 2022 11:47:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418326 The Tribunal allowed the appeal, quashing the assessment proceedings under section 153A due to improper jurisdiction and lack of incriminating material. The addition of Rs. 10 lakhs as unsecured loan under section 68 was not further adjudicated. The jurisdictional challenge regarding the searched premises was upheld, as documents were seized from a different address. Additional grounds raised by the assessee were admitted but deemed academic. The Tribunal's decision was pronounced on 11.02.2022. Case-Laws Income Tax Fri, 11 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418326