https://www.taxtmi.com/caselaws?id=309745 The Appellate Tribunal allowed the appeals of the assessees, emphasizing the necessity of incriminating material for assessments under section 153A of the Income Tax Act, 1961. It held that additions cannot be made to completed assessments without such material found during a search or seizure operation. The Tribunal ruled in favor of the assessees, including the lead case of Prerana Agarwal, stating that in the absence of incriminating material, assessments cannot be disturbed, and additions made by the Assessing Officer cannot be upheld. en-us Thu, 08 Jun 2023 00:00:00 +0530 Wed, 20 Sep 2023 08:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309745 The Appellate Tribunal allowed the appeals of the assessees, emphasizing the necessity of incriminating material for assessments under section 153A of the Income Tax Act, 1961. It held that additions cannot be made to completed assessments without such material found during a search or seizure operation. The Tribunal ruled in favor of the assessees, including the lead case of Prerana Agarwal, stating that in the absence of incriminating material, assessments cannot be disturbed, and additions made by the Assessing Officer cannot be upheld. Case-Laws Income Tax Thu, 08 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309745