https://www.taxtmi.com/caselaws?id=425535 The court allowed the appeal, dismissing the department's appeal against the order of the Income Tax Appellate Tribunal (ITAT). The additions made by the Assessing Officer were deleted as they were not based on incriminating material found during the search and seizure operation. The court emphasized that assessments cannot be reassessed without such material, following legal precedents such as the Commissioner of Income Tax vs. Kabul Chawla case. As no incriminating material was discovered, the court ruled in favor of the assessee, upholding the ITAT decision and dismissing the appeal. en-us Thu, 14 Jul 2022 00:00:00 +0530 Tue, 26 Jul 2022 09:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425535 The court allowed the appeal, dismissing the department's appeal against the order of the Income Tax Appellate Tribunal (ITAT). The additions made by the Assessing Officer were deleted as they were not based on incriminating material found during the search and seizure operation. The court emphasized that assessments cannot be reassessed without such material, following legal precedents such as the Commissioner of Income Tax vs. Kabul Chawla case. As no incriminating material was discovered, the court ruled in favor of the assessee, upholding the ITAT decision and dismissing the appeal. Case-Laws Income Tax Thu, 14 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425535