https://www.taxtmi.com/caselaws?id=422155 In a concluded assessment under section 153A of the Income-tax Act, 1961, an addition cannot be sustained unless it is based on incriminating material found during the search. The Tribunal noted that the assessment year had already attained finality and no such material was seized to support the impugned addition, so the addition could not rest on assumption or post-search material. The deletion of the addition was therefore upheld and the Revenue's challenge failed. en-us Thu, 17 Mar 2022 00:00:00 +0530 Tue, 10 May 2022 18:56:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422155 In a concluded assessment under section 153A of the Income-tax Act, 1961, an addition cannot be sustained unless it is based on incriminating material found during the search. The Tribunal noted that the assessment year had already attained finality and no such material was seized to support the impugned addition, so the addition could not rest on assumption or post-search material. The deletion of the addition was therefore upheld and the Revenue's challenge failed. Case-Laws Income Tax Thu, 17 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422155