https://www.taxtmi.com/caselaws?id=427531 The ITAT allowed the appeal, declaring the addition under section 68 of the Income-tax Act, 1961 as unsustainable due to the absence of incriminating material found during the search. The judgment emphasized the necessity of adhering to legal principles and precedents in making additions based on bank statements and reiterated the significance of incriminating evidence in such cases. en-us Thu, 08 Sep 2022 00:00:00 +0530 Sat, 10 Sep 2022 07:04:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427531 The ITAT allowed the appeal, declaring the addition under section 68 of the Income-tax Act, 1961 as unsustainable due to the absence of incriminating material found during the search. The judgment emphasized the necessity of adhering to legal principles and precedents in making additions based on bank statements and reiterated the significance of incriminating evidence in such cases. Case-Laws Income Tax Thu, 08 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427531