https://www.taxtmi.com/caselaws?id=444346 The case focused on the jurisdiction of the Revenue to reassess completed/unabated assessments for specific years without incriminating material from search proceedings. The Court emphasized the necessity of incriminating material for such reassessments. The ITAT's decision, backed by prior rulings, held that without such material, the Revenue lacked jurisdiction to make additions. The Supreme Court's interpretation of relevant sections highlighted this requirement. The appellant's reliance on other cases was dismissed due to the absence of incriminating material. The judgment favored the Assessee, dismissing the appeal and keeping reassessment proceedings open for both parties. en-us Mon, 09 Oct 2023 00:00:00 +0530 Fri, 13 Oct 2023 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444346 The case focused on the jurisdiction of the Revenue to reassess completed/unabated assessments for specific years without incriminating material from search proceedings. The Court emphasized the necessity of incriminating material for such reassessments. The ITAT's decision, backed by prior rulings, held that without such material, the Revenue lacked jurisdiction to make additions. The Supreme Court's interpretation of relevant sections highlighted this requirement. The appellant's reliance on other cases was dismissed due to the absence of incriminating material. The judgment favored the Assessee, dismissing the appeal and keeping reassessment proceedings open for both parties. Case-Laws Income Tax Mon, 09 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444346