https://www.taxtmi.com/caselaws?id=437077 The Tribunal allowed the appeal for ITA No. 219/GAU/2019, allowed ITA No. 224/GAU/2019 for statistical purposes, and partly allowed ITA No. 222/GAU/2019. The Tribunal held that the assessment under section 153A was invalid due to lack of fresh incriminating material found during the search. Additionally, it deleted the addition under section 68 as no supporting incriminating evidence was discovered. The Tribunal remitted the disallowance of provisions and expenses back to the Assessing Officer for reconsideration, emphasizing proper treatment of provisions in work-in-progress. The Tribunal also rejected reliance on retracted confessions without corroborative evidence, leading to deletion of the related addition. en-us Wed, 05 Apr 2023 00:00:00 +0530 Thu, 27 Apr 2023 09:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437077 The Tribunal allowed the appeal for ITA No. 219/GAU/2019, allowed ITA No. 224/GAU/2019 for statistical purposes, and partly allowed ITA No. 222/GAU/2019. The Tribunal held that the assessment under section 153A was invalid due to lack of fresh incriminating material found during the search. Additionally, it deleted the addition under section 68 as no supporting incriminating evidence was discovered. The Tribunal remitted the disallowance of provisions and expenses back to the Assessing Officer for reconsideration, emphasizing proper treatment of provisions in work-in-progress. The Tribunal also rejected reliance on retracted confessions without corroborative evidence, leading to deletion of the related addition. Case-Laws Income Tax Wed, 05 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437077