https://www.taxtmi.com/caselaws?id=423418 The Tribunal found in favor of the appellant, ruling that the additions made under sections 153A and 147/148 of the Income Tax Act were invalid due to the lack of incriminating material found during search proceedings. The Tribunal also held that the reassessment proceedings were not validly initiated and were based on information already available to the Assessing Officer, thus quashing the reopening of the assessment and deleting the additions. en-us Fri, 20 May 2022 00:00:00 +0530 Mon, 06 Jun 2022 21:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423418 The Tribunal found in favor of the appellant, ruling that the additions made under sections 153A and 147/148 of the Income Tax Act were invalid due to the lack of incriminating material found during search proceedings. The Tribunal also held that the reassessment proceedings were not validly initiated and were based on information already available to the Assessing Officer, thus quashing the reopening of the assessment and deleting the additions. Case-Laws Income Tax Fri, 20 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423418