https://www.taxtmi.com/caselaws?id=430040 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals and upheld the Commissioner of Income Tax (Appeals) decision to quash proceedings under Section 153C and related additions under Section 68. The ITAT emphasized that Section 153C proceedings must be based on incriminating material directly related to the relevant assessment years, which was lacking in this case. The assessee's appeals were deemed infructuous as the relief sought was already granted by quashing the Section 153C proceedings. en-us Mon, 17 Oct 2022 00:00:00 +0530 Wed, 09 Nov 2022 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430040 The Income Tax Appellate Tribunal (ITAT) dismissed the Revenue's appeals and upheld the Commissioner of Income Tax (Appeals) decision to quash proceedings under Section 153C and related additions under Section 68. The ITAT emphasized that Section 153C proceedings must be based on incriminating material directly related to the relevant assessment years, which was lacking in this case. The assessee's appeals were deemed infructuous as the relief sought was already granted by quashing the Section 153C proceedings. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430040