https://www.taxtmi.com/caselaws?id=428938 The High Court upheld the appellant's challenge to the ITAT order, ruling that additions made without incriminating material during a search cannot form the basis for assessment under Section 153A of the Income Tax Act, 1961 for AY 2010-11. Citing precedents like Principal Commissioner of Income Tax vs. Bhadani Financiers Pvt. Ltd., the court emphasized the necessity of seized material for such assessments. The court dismissed the appeal, aligning with the principles in Bhadani Financiers Pvt. Ltd. and Kabul Chawla, pending the final decision in the SLP of M/s Apar Industries Ltd. en-us Tue, 11 Oct 2022 00:00:00 +0530 Thu, 13 Oct 2022 10:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428938 The High Court upheld the appellant's challenge to the ITAT order, ruling that additions made without incriminating material during a search cannot form the basis for assessment under Section 153A of the Income Tax Act, 1961 for AY 2010-11. Citing precedents like Principal Commissioner of Income Tax vs. Bhadani Financiers Pvt. Ltd., the court emphasized the necessity of seized material for such assessments. The court dismissed the appeal, aligning with the principles in Bhadani Financiers Pvt. Ltd. and Kabul Chawla, pending the final decision in the SLP of M/s Apar Industries Ltd. Case-Laws Income Tax Tue, 11 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428938