https://www.taxtmi.com/caselaws?id=428385 Held that where assessments had attained finality before the search and no incriminating materials were seized, additions under s.153A could not be sustained. HC upheld concurrent findings of the lower authorities that the AO failed to place any incriminating material on record and that investor companies had adequate net worth for their investments. The court excluded a witness's statement as the assessees were denied cross-examination, finding that reliance on such evidence violated principles of natural justice. No substantial question of law arises. en-us Mon, 26 Sep 2022 00:00:00 +0530 Fri, 26 Sep 2025 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428385 Held that where assessments had attained finality before the search and no incriminating materials were seized, additions under s.153A could not be sustained. HC upheld concurrent findings of the lower authorities that the AO failed to place any incriminating material on record and that investor companies had adequate net worth for their investments. The court excluded a witness's statement as the assessees were denied cross-examination, finding that reliance on such evidence violated principles of natural justice. No substantial question of law arises. Case-Laws Income Tax Mon, 26 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428385