https://www.taxtmi.com/caselaws?id=446595 The appellate tribunal set aside the order of the CIT (A) and ruled in favor of the assessee, emphasizing that no addition can be made in an assessment under section 153A without seized incriminating material. The tribunal found that the assessment was improperly framed based solely on bank statements without any incriminating material from the search. Consequently, the tribunal allowed the appeal, highlighting the necessity of incriminating evidence for such assessments, in line with legal precedents established by the Hon'ble SC. The decision was pronounced in open court on 5th December 2023. en-us Tue, 05 Dec 2023 00:00:00 +0530 Wed, 06 Dec 2023 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446595 The appellate tribunal set aside the order of the CIT (A) and ruled in favor of the assessee, emphasizing that no addition can be made in an assessment under section 153A without seized incriminating material. The tribunal found that the assessment was improperly framed based solely on bank statements without any incriminating material from the search. Consequently, the tribunal allowed the appeal, highlighting the necessity of incriminating evidence for such assessments, in line with legal precedents established by the Hon'ble SC. The decision was pronounced in open court on 5th December 2023. Case-Laws Income Tax Tue, 05 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446595