https://www.taxtmi.com/caselaws?id=459616 The HC upheld the ITAT's decision, dismissing the appeal by the Principal Commissioner of Income Tax. The Court emphasized that assessments under Section 153A should rely on incriminating material found during searches. It ruled that the pen-drive, obtained through information exchange and not during the search, lacked evidentiary value. The Court left open the question of handling foreign authority information for future cases. en-us Tue, 20 Aug 2024 00:00:00 +0530 Thu, 19 Dec 2024 18:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459616 The HC upheld the ITAT's decision, dismissing the appeal by the Principal Commissioner of Income Tax. The Court emphasized that assessments under Section 153A should rely on incriminating material found during searches. It ruled that the pen-drive, obtained through information exchange and not during the search, lacked evidentiary value. The Court left open the question of handling foreign authority information for future cases. Case-Laws Income Tax Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459616