https://www.taxtmi.com/caselaws?id=424172 The Tribunal held that the assessment for AY 2008-09 was bad-in-law due to lack of jurisdiction under section 153C r.w.s. 153A, as no incriminating material was found. The disallowed interest payment of Rs.1.71 Lacs lacked a basis in incriminating material and was deemed unsustainable. The RTI application revealed possession of documents falling under a different assessment year. For AY 2012-13, the addition of Rs.14.90 Lacs was partly allowed, as the cash introduction was supported by evidence in the return of income, leading to the deletion of the addition. en-us Wed, 08 Jun 2022 00:00:00 +0530 Thu, 23 Jun 2022 09:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424172 The Tribunal held that the assessment for AY 2008-09 was bad-in-law due to lack of jurisdiction under section 153C r.w.s. 153A, as no incriminating material was found. The disallowed interest payment of Rs.1.71 Lacs lacked a basis in incriminating material and was deemed unsustainable. The RTI application revealed possession of documents falling under a different assessment year. For AY 2012-13, the addition of Rs.14.90 Lacs was partly allowed, as the cash introduction was supported by evidence in the return of income, leading to the deletion of the addition. Case-Laws Income Tax Wed, 08 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424172