https://www.taxtmi.com/caselaws?id=431229 The Tribunal dismissed the Revenue's appeals, affirming the Commissioner of Income Tax (Appeals) decision to delete additions made by the Assessing Officer. It emphasized the requirement of incriminating material for additions under section 153A in completed assessments and criticized the AO for relying on statements without corroboration. The Tribunal's ruling was based on legal precedents and factual analysis, highlighting that reassessment under section 153A must be supported by material evidence discovered during the search, leading to the rejection of the additions made by the AO. en-us Tue, 18 Oct 2022 00:00:00 +0530 Wed, 07 Dec 2022 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431229 The Tribunal dismissed the Revenue's appeals, affirming the Commissioner of Income Tax (Appeals) decision to delete additions made by the Assessing Officer. It emphasized the requirement of incriminating material for additions under section 153A in completed assessments and criticized the AO for relying on statements without corroboration. The Tribunal's ruling was based on legal precedents and factual analysis, highlighting that reassessment under section 153A must be supported by material evidence discovered during the search, leading to the rejection of the additions made by the AO. Case-Laws Income Tax Tue, 18 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431229