https://www.taxtmi.com/caselaws?id=300687 The High Court affirmed the decision of the ITAT regarding the taxation of an amount under Section 2(22)(e) of the Income Tax Act. The Court held that since no fresh incriminating material was discovered during the search, the addition made by the Assessing Officer was unjustified. Relying on the precedent set in Commissioner of Income Tax v. Kabul Chawla, the Court emphasized the requirement of incriminating material for assessments under Section 153A. As no new material was presented to justify the addition, the Court dismissed the appeal, finding no legal issue to address. en-us Wed, 02 May 2018 00:00:00 +0530 Sat, 19 Feb 2022 07:01:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=300687 The High Court affirmed the decision of the ITAT regarding the taxation of an amount under Section 2(22)(e) of the Income Tax Act. The Court held that since no fresh incriminating material was discovered during the search, the addition made by the Assessing Officer was unjustified. Relying on the precedent set in Commissioner of Income Tax v. Kabul Chawla, the Court emphasized the requirement of incriminating material for assessments under Section 153A. As no new material was presented to justify the addition, the Court dismissed the appeal, finding no legal issue to address. Case-Laws Income Tax Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=300687