https://www.taxtmi.com/caselaws?id=33523 The High Court dismissed the Revenue's appeal against the Tribunal's order that deleted certain additions made by the Assessing Officer in the assessment under Section 158BC of the Income Tax Act. The Tribunal found no incriminating material during the search, leading to the deletion of some additions. The High Court upheld the Tribunal's decision, stating that the undisclosed income assessment should be based on evidence from the search or requisition. The court noted the lack of correlation between the search evidence and the additions made by the Assessing Officer, ultimately concluding that no substantial question of law arose for consideration. en-us Tue, 12 May 2009 00:00:00 +0530 Thu, 21 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33523 The High Court dismissed the Revenue's appeal against the Tribunal's order that deleted certain additions made by the Assessing Officer in the assessment under Section 158BC of the Income Tax Act. The Tribunal found no incriminating material during the search, leading to the deletion of some additions. The High Court upheld the Tribunal's decision, stating that the undisclosed income assessment should be based on evidence from the search or requisition. The court noted the lack of correlation between the search evidence and the additions made by the Assessing Officer, ultimately concluding that no substantial question of law arose for consideration. Case-Laws Income Tax Tue, 12 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33523