https://www.taxtmi.com/caselaws?id=430204 The High Court upheld the principle that additions under Section 153A of the Income Tax Act must be supported by incriminating material found during the search. It concluded that assessments without such material cannot be disturbed. The Court relied on the judgment in CIT vs. Kabul Chawla, emphasizing the mandatory issuance of notices post-search and the need for seized material to form the basis of assessments. Despite the pending challenge of the Kabul Chawla judgment before the Supreme Court, the High Court found no stay on its applicability and aligned its decision with previous Supreme Court judgments, ultimately dismissing the appeals pending the final Supreme Court decision on the matter. en-us Wed, 09 Nov 2022 00:00:00 +0530 Mon, 14 Nov 2022 09:02:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430204 The High Court upheld the principle that additions under Section 153A of the Income Tax Act must be supported by incriminating material found during the search. It concluded that assessments without such material cannot be disturbed. The Court relied on the judgment in CIT vs. Kabul Chawla, emphasizing the mandatory issuance of notices post-search and the need for seized material to form the basis of assessments. Despite the pending challenge of the Kabul Chawla judgment before the Supreme Court, the High Court found no stay on its applicability and aligned its decision with previous Supreme Court judgments, ultimately dismissing the appeals pending the final Supreme Court decision on the matter. Case-Laws Income Tax Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430204