https://www.taxtmi.com/caselaws?id=433138 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete additions made by the Assessing Officer in assessments framed under sections 143(3) and 153A of the Income Tax Act. The Tribunal emphasized the necessity of incriminating material for making additions and restricted the AO from altering finalized assessment orders without new contradictory evidence. The decision clarified the limitations on the AO's authority and affirmed that additions must be substantiated by relevant incriminating material found during the search action. en-us Fri, 30 Dec 2022 00:00:00 +0530 Mon, 23 Jan 2023 08:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433138 The Tribunal upheld the Commissioner of Income Tax (Appeals)'s decision to delete additions made by the Assessing Officer in assessments framed under sections 143(3) and 153A of the Income Tax Act. The Tribunal emphasized the necessity of incriminating material for making additions and restricted the AO from altering finalized assessment orders without new contradictory evidence. The decision clarified the limitations on the AO's authority and affirmed that additions must be substantiated by relevant incriminating material found during the search action. Case-Laws Income Tax Fri, 30 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433138