https://www.taxtmi.com/caselaws?id=438148 The Tribunal upheld the deletion of a Rs. 15 crore addition under section 68 of the Income Tax Act, emphasizing the necessity of incriminating material for assessments under section 153A. The judgment highlighted that additions must be based on material collected during a search, and in this case, the addition lacked such incriminating evidence. The Tribunal dismissed the Revenue's appeal, affirming the decision to delete the addition. en-us Wed, 17 May 2023 00:00:00 +0530 Wed, 24 May 2023 09:21:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438148 The Tribunal upheld the deletion of a Rs. 15 crore addition under section 68 of the Income Tax Act, emphasizing the necessity of incriminating material for assessments under section 153A. The judgment highlighted that additions must be based on material collected during a search, and in this case, the addition lacked such incriminating evidence. The Tribunal dismissed the Revenue's appeal, affirming the decision to delete the addition. Case-Laws Income Tax Wed, 17 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438148