https://www.taxtmi.com/caselaws?id=307864 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision that the Section 153A proceedings were invalid due to the lack of incriminating material. The addition of Rs. 4,43,07,359 under Section 68 was also overturned as the capital source had been accepted in a prior assessment year. The assessee's cross-objection was dismissed. The appeal deadline was extended due to the COVID-19 pandemic. en-us Thu, 16 Jun 2022 00:00:00 +0530 Tue, 16 May 2023 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307864 The Tribunal dismissed the revenue's appeal, affirming the CIT(A)'s decision that the Section 153A proceedings were invalid due to the lack of incriminating material. The addition of Rs. 4,43,07,359 under Section 68 was also overturned as the capital source had been accepted in a prior assessment year. The assessee's cross-objection was dismissed. The appeal deadline was extended due to the COVID-19 pandemic. Case-Laws Income Tax Thu, 16 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307864