https://www.taxtmi.com/caselaws?id=307462 The Tribunal held that in the absence of incriminating material found during the search, no additions could be made under Section 153A/143(3) and Section 2(22)(e) of the Income Tax Act. The Tribunal ruled in favor of the assessee, citing precedents and emphasizing the need for incriminating material for additions in completed assessments. Consequently, the Tribunal deleted the Rs. 1,77,72,706/- deemed dividend addition and allowed the appeal of the assessee. en-us Thu, 23 Dec 2021 00:00:00 +0530 Sat, 15 Apr 2023 00:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307462 The Tribunal held that in the absence of incriminating material found during the search, no additions could be made under Section 153A/143(3) and Section 2(22)(e) of the Income Tax Act. The Tribunal ruled in favor of the assessee, citing precedents and emphasizing the need for incriminating material for additions in completed assessments. Consequently, the Tribunal deleted the Rs. 1,77,72,706/- deemed dividend addition and allowed the appeal of the assessee. Case-Laws Income Tax Thu, 23 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307462