https://www.taxtmi.com/caselaws?id=458152 The Calcutta HC dismissed the revenue's appeal, affirming the ITAT's decision to delete the addition under Section 14A read with Rule 8D(2) due to the absence of incriminating material found during the search. The Court upheld the principle that in cases of search, additions in unabated assessments require incriminating evidence, aligning with the SC's precedent. en-us Wed, 02 Aug 2023 00:00:00 +0530 Thu, 10 Oct 2024 20:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458152 The Calcutta HC dismissed the revenue's appeal, affirming the ITAT's decision to delete the addition under Section 14A read with Rule 8D(2) due to the absence of incriminating material found during the search. The Court upheld the principle that in cases of search, additions in unabated assessments require incriminating evidence, aligning with the SC's precedent. Case-Laws Income Tax Wed, 02 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458152