https://www.taxtmi.com/caselaws?id=310235 The Tribunal ruled in favor of the assessee in both appeals. Regarding the validity of assessments under sec. 153C for the years 2009-10 and 2010-11, the Tribunal held that the assessments were not sustainable under the law as they were beyond the six assessment years preceding the relevant assessment year. For the sec. 68 additions of unexplained cash deposits in the bank for the years 2011-12 and 2013-14, the Tribunal quashed the assessments as there was no incriminating material supporting the additions, emphasizing the necessity of such material in search assessments. en-us Fri, 20 Sep 2019 00:00:00 +0530 Fri, 13 Oct 2023 09:02:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310235 The Tribunal ruled in favor of the assessee in both appeals. Regarding the validity of assessments under sec. 153C for the years 2009-10 and 2010-11, the Tribunal held that the assessments were not sustainable under the law as they were beyond the six assessment years preceding the relevant assessment year. For the sec. 68 additions of unexplained cash deposits in the bank for the years 2011-12 and 2013-14, the Tribunal quashed the assessments as there was no incriminating material supporting the additions, emphasizing the necessity of such material in search assessments. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310235