https://www.taxtmi.com/caselaws?id=760097 ITAT Jaipur allowed the assessee's appeal regarding assessment u/s 153A. The court held that since no incriminating material was found during the brief 5-minute search at assessee's premises, no additions could be made under section 153A. Material found from other persons' searches cannot be used against the assessee. The court dismissed additions for undisclosed income from property development scheme, bogus development expenses, and unexplained bank credits, finding that actual profits were already declared and taxed. Revenue's appeal was also dismissed. en-us Fri, 27 Sep 2024 00:00:00 +0530 Fri, 23 May 2025 15:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760097 ITAT Jaipur allowed the assessee's appeal regarding assessment u/s 153A. The court held that since no incriminating material was found during the brief 5-minute search at assessee's premises, no additions could be made under section 153A. Material found from other persons' searches cannot be used against the assessee. The court dismissed additions for undisclosed income from property development scheme, bogus development expenses, and unexplained bank credits, finding that actual profits were already declared and taxed. Revenue's appeal was also dismissed. Case-Laws Income Tax Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760097