https://www.taxtmi.com/caselaws?id=430491 The Court dismissed the appeals challenging the ITAT's Order, concerning additions under Section 153A of the Income Tax Act and deductions under Section 80IB. Emphasizing the necessity of incriminating material for assessments post a search, the Court upheld the ITAT's decision, citing precedents. It concluded that assessments under Section 153A must be supported by seized material, and without such material, previous assessments stand. The Court affirmed that Revenue cannot alter concluded assessments without incriminating material. Ultimately, the Court found no substantial question of law, supporting the ITAT's findings and legal interpretations. en-us Thu, 17 Nov 2022 00:00:00 +0530 Mon, 21 Nov 2022 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430491 The Court dismissed the appeals challenging the ITAT's Order, concerning additions under Section 153A of the Income Tax Act and deductions under Section 80IB. Emphasizing the necessity of incriminating material for assessments post a search, the Court upheld the ITAT's decision, citing precedents. It concluded that assessments under Section 153A must be supported by seized material, and without such material, previous assessments stand. The Court affirmed that Revenue cannot alter concluded assessments without incriminating material. Ultimately, the Court found no substantial question of law, supporting the ITAT's findings and legal interpretations. Case-Laws Income Tax Thu, 17 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430491