https://www.taxtmi.com/caselaws?id=422186 The Tribunal allowed the appeal, setting aside the impugned orders due to jurisdictional issues regarding the validity of notices issued under sections 153C/142(1)/143(2) of the Income Tax Act, 1961. The Tribunal found that the assessment order was not based on incriminating material as required by law, acting beyond jurisdiction. Additionally, the Tribunal concluded that the additions made on a protective basis were not justified, especially in comparison to the deletion of substantive additions in similar cases. The decision emphasized the importance of adhering to legal provisions and precedents in tax assessments. en-us Wed, 04 May 2022 00:00:00 +0530 Wed, 11 May 2022 08:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422186 The Tribunal allowed the appeal, setting aside the impugned orders due to jurisdictional issues regarding the validity of notices issued under sections 153C/142(1)/143(2) of the Income Tax Act, 1961. The Tribunal found that the assessment order was not based on incriminating material as required by law, acting beyond jurisdiction. Additionally, the Tribunal concluded that the additions made on a protective basis were not justified, especially in comparison to the deletion of substantive additions in similar cases. The decision emphasized the importance of adhering to legal provisions and precedents in tax assessments. Case-Laws Income Tax Wed, 04 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422186