https://www.taxtmi.com/caselaws?id=422771 The Tribunal allowed the appeal of the assessee, holding that without incriminating material, no addition could be made under section 153A of the Income Tax Act. The Tribunal also deleted the addition of Rs.40,00,000 as unexplained cash credit under section 68, as the onus of the assessee was discharged with no supporting incriminating material found during the search. The Revenue's appeal against the deletion of the addition on account of unexplained share capital was dismissed as infructuous. en-us Thu, 19 May 2022 00:00:00 +0530 Sun, 22 May 2022 19:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422771 The Tribunal allowed the appeal of the assessee, holding that without incriminating material, no addition could be made under section 153A of the Income Tax Act. The Tribunal also deleted the addition of Rs.40,00,000 as unexplained cash credit under section 68, as the onus of the assessee was discharged with no supporting incriminating material found during the search. The Revenue's appeal against the deletion of the addition on account of unexplained share capital was dismissed as infructuous. Case-Laws Income Tax Thu, 19 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422771