https://www.taxtmi.com/caselaws?id=439537 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Revenue in the absence of incriminating material found during a search under Section 132 of the Income Tax Act. It also supported the deletion of additions for unexplained cash credits, interest disallowance, and unrecorded sales receipts, while rejecting the net profit estimation. The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeals, with the cross-objection of the assessee being dismissed. en-us Fri, 24 Mar 2023 00:00:00 +0530 Mon, 18 Sep 2023 10:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439537 The Tribunal upheld the CIT(A)'s decision to delete additions made by the Revenue in the absence of incriminating material found during a search under Section 132 of the Income Tax Act. It also supported the deletion of additions for unexplained cash credits, interest disallowance, and unrecorded sales receipts, while rejecting the net profit estimation. The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeals, with the cross-objection of the assessee being dismissed. Case-Laws Income Tax Fri, 24 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439537