https://www.taxtmi.com/caselaws?id=754419 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision that the AO lacked jurisdiction under section 153C due to the absence of incriminating material related to the specific assessment year. The Tribunal emphasized the necessity for seized documents to pertain to the relevant year and for transactions to be unrecorded in the books of account. The decision underscores the importance of compliance with Tribunal directions and the requirement of incriminating evidence for valid additions. en-us Thu, 20 Jun 2024 00:00:00 +0530 Mon, 24 Jun 2024 08:12:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754419 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision that the AO lacked jurisdiction under section 153C due to the absence of incriminating material related to the specific assessment year. The Tribunal emphasized the necessity for seized documents to pertain to the relevant year and for transactions to be unrecorded in the books of account. The decision underscores the importance of compliance with Tribunal directions and the requirement of incriminating evidence for valid additions. Case-Laws Income Tax Thu, 20 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754419