https://www.taxtmi.com/caselaws?id=435133 The Tribunal upheld the CIT(A)'s decision in a tax case, ruling that additions under section 153A must be based on incriminating material found during a search, dismissing the Revenue's appeal. Additionally, the Tribunal confirmed the deletion of additions made under sections 68 and 69C, relating to alleged bogus long-term capital gains and unexplained expenditure, respectively. The Tribunal emphasized the lack of evidence linking the assessee to wrongdoing and highlighted the absence of incriminating material to support the Revenue's claims. en-us Tue, 07 Mar 2023 00:00:00 +0530 Mon, 13 Mar 2023 08:41:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435133 The Tribunal upheld the CIT(A)'s decision in a tax case, ruling that additions under section 153A must be based on incriminating material found during a search, dismissing the Revenue's appeal. Additionally, the Tribunal confirmed the deletion of additions made under sections 68 and 69C, relating to alleged bogus long-term capital gains and unexplained expenditure, respectively. The Tribunal emphasized the lack of evidence linking the assessee to wrongdoing and highlighted the absence of incriminating material to support the Revenue's claims. Case-Laws Income Tax Tue, 07 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435133