https://www.taxtmi.com/caselaws?id=765053 ITAT Lucknow held that additions under section 68 for unexplained cash credit cannot be made in search assessments under section 153A without incriminating material found during search. Following coordinate bench decision in Smt. Shashi Agarwal and SC precedent in Abhisar Buildwell (P.) Ltd., the tribunal ruled that absence of incriminating material precludes additions in search assessments. Appeal decided in favor of assessee. en-us Tue, 21 Jan 2025 00:00:00 +0530 Thu, 23 Jan 2025 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765053 ITAT Lucknow held that additions under section 68 for unexplained cash credit cannot be made in search assessments under section 153A without incriminating material found during search. Following coordinate bench decision in Smt. Shashi Agarwal and SC precedent in Abhisar Buildwell (P.) Ltd., the tribunal ruled that absence of incriminating material precludes additions in search assessments. Appeal decided in favor of assessee. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765053