https://www.taxtmi.com/caselaws?id=426029 The High Court dismissed the appeal, upholding the ITAT's decision to set aside the addition made by the AO. The Court emphasized the importance of incriminating material in income tax proceedings and clarified the necessity of seized material for making additions. The judgment highlighted the merging of original and Section 153A assessments in the absence of incriminating evidence, ultimately ruling that the addition made by the AO was not sustainable under Section 153A due to the lack of such material. en-us Thu, 28 Jul 2022 00:00:00 +0530 Fri, 05 Aug 2022 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426029 The High Court dismissed the appeal, upholding the ITAT's decision to set aside the addition made by the AO. The Court emphasized the importance of incriminating material in income tax proceedings and clarified the necessity of seized material for making additions. The judgment highlighted the merging of original and Section 153A assessments in the absence of incriminating evidence, ultimately ruling that the addition made by the AO was not sustainable under Section 153A due to the lack of such material. Case-Laws Income Tax Thu, 28 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426029