https://www.taxtmi.com/caselaws?id=440099 The Tribunal allowed the appeal, deleting the addition of Rs. 14,25,000 on account of unexplained cash shortages as there was no incriminating material found during the search operation. It was concluded that the assessment made u/s 153A without such material was not justified, and the use of unaccounted income allegation was unsupported by incriminating evidence. The Tribunal emphasized that additions cannot be made without incriminating material, in line with legal provisions and judicial precedents. en-us Tue, 13 Jun 2023 00:00:00 +0530 Mon, 10 Jul 2023 07:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=440099 The Tribunal allowed the appeal, deleting the addition of Rs. 14,25,000 on account of unexplained cash shortages as there was no incriminating material found during the search operation. It was concluded that the assessment made u/s 153A without such material was not justified, and the use of unaccounted income allegation was unsupported by incriminating evidence. The Tribunal emphasized that additions cannot be made without incriminating material, in line with legal provisions and judicial precedents. Case-Laws Income Tax Tue, 13 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=440099