https://www.taxtmi.com/caselaws?id=434893 The Tribunal dismissed the Revenue's appeal and upheld the decision to quash the assessment under section 153A/143(3) of the Income Tax Act for the Assessment Year 2010-11. The additions made by the Assessing Officer were deemed unjustified as they lacked incriminating material. The Tribunal emphasized that assessments under section 153A should rely solely on seized material. Consequently, the Tribunal concluded that the AO's jurisdiction assumption under section 153A was unwarranted, leading to the dismissal of the Revenue's appeal. en-us Fri, 24 Feb 2023 00:00:00 +0530 Mon, 06 Mar 2023 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434893 The Tribunal dismissed the Revenue's appeal and upheld the decision to quash the assessment under section 153A/143(3) of the Income Tax Act for the Assessment Year 2010-11. The additions made by the Assessing Officer were deemed unjustified as they lacked incriminating material. The Tribunal emphasized that assessments under section 153A should rely solely on seized material. Consequently, the Tribunal concluded that the AO's jurisdiction assumption under section 153A was unwarranted, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 24 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434893