https://www.taxtmi.com/caselaws?id=753654 An assessment under section 153C for Assessment Year 2013-14 was held unsustainable because the seized material linked only to Financial Year 2010-11, relevant to Assessment Year 2011-12. In the absence of incriminating material pertaining to the year under appeal, the assessment could not be justified merely by reference to the search proceedings. The principle applied was that separate incriminating material must exist for each assessment year. The assessment order was quashed. en-us Tue, 16 Jan 2024 00:00:00 +0530 Thu, 06 Jun 2024 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753654 An assessment under section 153C for Assessment Year 2013-14 was held unsustainable because the seized material linked only to Financial Year 2010-11, relevant to Assessment Year 2011-12. In the absence of incriminating material pertaining to the year under appeal, the assessment could not be justified merely by reference to the search proceedings. The principle applied was that separate incriminating material must exist for each assessment year. The assessment order was quashed. Case-Laws Income Tax Tue, 16 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753654