https://www.taxtmi.com/caselaws?id=306969 The tribunal ruled in favor of the assessee, quashing both assessments for the assessment years 2012-13 and 2013-14. It held that assessments under section 153A without incriminating material are not sustainable, deeming the assessments "abated" due to the lack of such material. The tribunal emphasized the necessity of incriminating material in search assessments and rejected the Revenue's argument to consider other material. The decision underscores the significance of seized material in determining the validity of assessments under section 153A. en-us Thu, 07 Apr 2022 00:00:00 +0530 Fri, 10 Mar 2023 10:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=306969 The tribunal ruled in favor of the assessee, quashing both assessments for the assessment years 2012-13 and 2013-14. It held that assessments under section 153A without incriminating material are not sustainable, deeming the assessments "abated" due to the lack of such material. The tribunal emphasized the necessity of incriminating material in search assessments and rejected the Revenue's argument to consider other material. The decision underscores the significance of seized material in determining the validity of assessments under section 153A. Case-Laws Income Tax Thu, 07 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=306969