https://www.taxtmi.com/caselaws?id=429104 The appeal challenged the ITAT's decision on addition under Section 153A of the Income Tax Act, arguing that assessments must be based on seized material. The judgment emphasized the necessity of incriminating material for assessments post-search, citing relevant precedents. It clarified that assessments under Section 153A should have a nexus with seized material and reiterated that completed assessments can be revisited in the absence of such material. The Court differentiated between abated and non-abated assessments, concluding that no addition could be made if assessments were finalized pre-search without incriminating material. The appeal was dismissed due to lack of incriminating evidence and an expired notice period. en-us Tue, 30 Aug 2022 00:00:00 +0530 Mon, 17 Oct 2022 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429104 The appeal challenged the ITAT's decision on addition under Section 153A of the Income Tax Act, arguing that assessments must be based on seized material. The judgment emphasized the necessity of incriminating material for assessments post-search, citing relevant precedents. It clarified that assessments under Section 153A should have a nexus with seized material and reiterated that completed assessments can be revisited in the absence of such material. The Court differentiated between abated and non-abated assessments, concluding that no addition could be made if assessments were finalized pre-search without incriminating material. The appeal was dismissed due to lack of incriminating evidence and an expired notice period. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429104