https://www.taxtmi.com/caselaws?id=427357 The Tribunal held that the proceedings initiated under Section 153C were not valid as the additions made were not based on incriminating material seized. Re-examination of issues finalized under Section 143(3) was deemed impermissible under Section 153C without such material. The additions/disallowances were found to lack basis on incriminating material, rendering them invalid. The addition related to alleged illegal mining was not supported by seized material and was therefore unjustified. The Tribunal directed the AO to accept the income declared without any additions, allowing the assessee's appeal and dismissing the Revenue's appeal. en-us Mon, 05 Sep 2022 00:00:00 +0530 Wed, 07 Sep 2022 06:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427357 The Tribunal held that the proceedings initiated under Section 153C were not valid as the additions made were not based on incriminating material seized. Re-examination of issues finalized under Section 143(3) was deemed impermissible under Section 153C without such material. The additions/disallowances were found to lack basis on incriminating material, rendering them invalid. The addition related to alleged illegal mining was not supported by seized material and was therefore unjustified. The Tribunal directed the AO to accept the income declared without any additions, allowing the assessee's appeal and dismissing the Revenue's appeal. Case-Laws Income Tax Mon, 05 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427357