https://www.taxtmi.com/caselaws?id=437566 For assessments framed under s.153C, the SC held that in the absence of any incriminating material unearthed during search-whether from the assessees or any third party-jurisdiction to sustain additions in s.153C assessments was not made out. On this legal basis, the HC was correct in setting aside the assessment orders, and the SC declined interference; the revenue's appeals were dismissed. The SC clarified that the revenue may initiate reassessment proceedings, if otherwise permissible in law. en-us Tue, 25 Apr 2023 00:00:00 +0530 Wed, 03 Jun 2026 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437566 For assessments framed under s.153C, the SC held that in the absence of any incriminating material unearthed during search-whether from the assessees or any third party-jurisdiction to sustain additions in s.153C assessments was not made out. On this legal basis, the HC was correct in setting aside the assessment orders, and the SC declined interference; the revenue's appeals were dismissed. The SC clarified that the revenue may initiate reassessment proceedings, if otherwise permissible in law. Case-Laws Income Tax Tue, 25 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437566