https://www.taxtmi.com/caselaws?id=443975 The Tribunal partly allowed the appeal, directing the Assessing Officer to delete the addition made without incriminating material found during the search operation. The Tribunal emphasized that completed assessments can only be interfered with if there is such material. The restriction on the cost of construction for computing capital gains was also overturned due to the lack of incriminating evidence. The Tribunal referred to relevant court judgments and ruled in favor of the assessee, highlighting the importance of incriminating material in such cases. en-us Wed, 06 Sep 2023 00:00:00 +0530 Fri, 06 Oct 2023 08:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443975 The Tribunal partly allowed the appeal, directing the Assessing Officer to delete the addition made without incriminating material found during the search operation. The Tribunal emphasized that completed assessments can only be interfered with if there is such material. The restriction on the cost of construction for computing capital gains was also overturned due to the lack of incriminating evidence. The Tribunal referred to relevant court judgments and ruled in favor of the assessee, highlighting the importance of incriminating material in such cases. Case-Laws Income Tax Wed, 06 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443975