https://www.taxtmi.com/caselaws?id=438110 The Supreme Court clarified in the case of Principal Commissioner of Income Tax vs. Abhisar Buildwell P. Ltd. that no additions can be made in completed assessments under section 153A of the Income Tax Act without incriminating material found during a search. The Court emphasized that assessments must be based on seized material and not arbitrary decisions. As a result, the appeal by the Revenue challenging the deletion of additions by the Commissioner of Income Tax (Appeals) was dismissed as no substantial legal issue arose from the case. en-us Fri, 05 May 2023 00:00:00 +0530 Mon, 22 May 2023 13:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438110 The Supreme Court clarified in the case of Principal Commissioner of Income Tax vs. Abhisar Buildwell P. Ltd. that no additions can be made in completed assessments under section 153A of the Income Tax Act without incriminating material found during a search. The Court emphasized that assessments must be based on seized material and not arbitrary decisions. As a result, the appeal by the Revenue challenging the deletion of additions by the Commissioner of Income Tax (Appeals) was dismissed as no substantial legal issue arose from the case. Case-Laws Income Tax Fri, 05 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438110