https://www.taxtmi.com/caselaws?id=458587 ITAT Mumbai held that additions made under section 153A assessment without reference to incriminating material found during search are unsustainable. The tribunal set aside lower authorities' orders regarding additions under section 68, disallowance of interest under section 37, commission expenses disallowance, and ad hoc 30% disallowance on labor charges and professional fees. Since no incriminating material supported these additions, the tribunal deleted all additions and allowed the assessee's appeal completely. en-us Thu, 24 Mar 2022 00:00:00 +0530 Thu, 07 Nov 2024 19:59:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458587 ITAT Mumbai held that additions made under section 153A assessment without reference to incriminating material found during search are unsustainable. The tribunal set aside lower authorities' orders regarding additions under section 68, disallowance of interest under section 37, commission expenses disallowance, and ad hoc 30% disallowance on labor charges and professional fees. Since no incriminating material supported these additions, the tribunal deleted all additions and allowed the assessee's appeal completely. Case-Laws Income Tax Thu, 24 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458587