https://www.taxtmi.com/caselaws?id=755669 The ITAT Mumbai quashed assessment orders passed under section 153A after finding no incriminating material was discovered during the search operation. The AO's observations were deemed routine, based on regular account records and submissions. Following the SC precedent in Abhisar Buildwell (P.) Ltd., the tribunal held that without incriminating material found during search, no additions could be made for unabated assessment years. The case was decided against the revenue department. en-us Tue, 09 Jul 2024 00:00:00 +0530 Tue, 16 Jul 2024 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755669 The ITAT Mumbai quashed assessment orders passed under section 153A after finding no incriminating material was discovered during the search operation. The AO's observations were deemed routine, based on regular account records and submissions. Following the SC precedent in Abhisar Buildwell (P.) Ltd., the tribunal held that without incriminating material found during search, no additions could be made for unabated assessment years. The case was decided against the revenue department. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755669