https://www.taxtmi.com/caselaws?id=421514 The Tribunal held that the notice issued under Section 153A of the Income Tax Act was improper as it lacked details of incriminating material, rendering the assessment made under Section 143(3) read with Section 153A bad in law. The Tribunal allowed the additional ground raised by the assessee. Additionally, the Tribunal upheld the decisions to delete disallowances and additions made by the Assessing Officer, noting that they were based on presumptions without concrete evidence. The revenue's appeal was dismissed, and the assessee's appeals for other assessment years with similar issues were allowed. en-us Fri, 22 Apr 2022 00:00:00 +0530 Tue, 26 Apr 2022 08:17:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421514 The Tribunal held that the notice issued under Section 153A of the Income Tax Act was improper as it lacked details of incriminating material, rendering the assessment made under Section 143(3) read with Section 153A bad in law. The Tribunal allowed the additional ground raised by the assessee. Additionally, the Tribunal upheld the decisions to delete disallowances and additions made by the Assessing Officer, noting that they were based on presumptions without concrete evidence. The revenue's appeal was dismissed, and the assessee's appeals for other assessment years with similar issues were allowed. Case-Laws Income Tax Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421514