https://www.taxtmi.com/caselaws?id=314480 The Tribunal quashed the assessment order u/s. 153C for the assessment year 2009-10, emphasizing the lack of incriminating material found during the search to justify reopening the concluded assessment. The Tribunal highlighted the principle that additions must be based on seized material, as established by the jurisdictional High Court in the Kabul Chawla case, and found the disallowance of freight charges unsupported by any material unearthed during the search. This decision underscores the necessity for a clear nexus between seized material and any additions made during assessments. en-us Fri, 14 Feb 2020 00:00:00 +0530 Fri, 14 Jun 2024 07:37:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314480 The Tribunal quashed the assessment order u/s. 153C for the assessment year 2009-10, emphasizing the lack of incriminating material found during the search to justify reopening the concluded assessment. The Tribunal highlighted the principle that additions must be based on seized material, as established by the jurisdictional High Court in the Kabul Chawla case, and found the disallowance of freight charges unsupported by any material unearthed during the search. This decision underscores the necessity for a clear nexus between seized material and any additions made during assessments. Case-Laws Income Tax Fri, 14 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314480