https://www.taxtmi.com/caselaws?id=437732 The Tribunal upheld the CIT(A)'s decision to quash the assessment order under section 143(3) read with section 153A, as no incriminating material was found during the search proceedings. Various additions, including those for bogus expenses and unsecured loans, were deleted based on the absence of incriminating material. The Tribunal emphasized that additions cannot be made without such evidence, dismissing the revenue's appeals and supporting the CIT(A)'s reliance on established judicial precedents, including a decision of the Hon'ble Bombay High Court. en-us Thu, 30 Mar 2023 00:00:00 +0530 Fri, 12 May 2023 17:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437732 The Tribunal upheld the CIT(A)'s decision to quash the assessment order under section 143(3) read with section 153A, as no incriminating material was found during the search proceedings. Various additions, including those for bogus expenses and unsecured loans, were deleted based on the absence of incriminating material. The Tribunal emphasized that additions cannot be made without such evidence, dismissing the revenue's appeals and supporting the CIT(A)'s reliance on established judicial precedents, including a decision of the Hon'ble Bombay High Court. Case-Laws Income Tax Thu, 30 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437732