https://www.taxtmi.com/caselaws?id=301580 The Tribunal upheld the annulment of assessments for the years 2007-08, 2008-09, and 2010-11, as additions were made without incriminating material found during the search. It reiterated that under section 153A of the Income Tax Act, assessments must be based on undisclosed income or property discovered during the search. The Revenue's appeals were allowed for statistical purposes, with directions for the Commissioner of Income Tax (Appeals) to consider the assessee's grounds after providing a fair hearing. en-us Fri, 28 Jul 2017 00:00:00 +0530 Sun, 10 Apr 2022 15:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301580 The Tribunal upheld the annulment of assessments for the years 2007-08, 2008-09, and 2010-11, as additions were made without incriminating material found during the search. It reiterated that under section 153A of the Income Tax Act, assessments must be based on undisclosed income or property discovered during the search. The Revenue's appeals were allowed for statistical purposes, with directions for the Commissioner of Income Tax (Appeals) to consider the assessee's grounds after providing a fair hearing. Case-Laws Income Tax Fri, 28 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301580