https://www.taxtmi.com/caselaws?id=426727 The High Court analyzed the interpretation of Section 153A of the Income Tax Act, focusing on the necessity of incriminating material for assessments. The Court emphasized that assessments under Section 153A must be supported by seized material and cannot be arbitrary. The Court allowed the appeal, favoring the assessee, and set aside the ITAT's order, reinstating the CIT(A)'s decision. The judgment underscores the importance of substantive evidence in assessments under Section 153A, aligning with established legal principles and precedents. en-us Tue, 02 Aug 2022 00:00:00 +0530 Tue, 27 Jun 2023 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426727 The High Court analyzed the interpretation of Section 153A of the Income Tax Act, focusing on the necessity of incriminating material for assessments. The Court emphasized that assessments under Section 153A must be supported by seized material and cannot be arbitrary. The Court allowed the appeal, favoring the assessee, and set aside the ITAT's order, reinstating the CIT(A)'s decision. The judgment underscores the importance of substantive evidence in assessments under Section 153A, aligning with established legal principles and precedents. Case-Laws Income Tax Tue, 02 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426727