https://www.taxtmi.com/caselaws?id=460839 Additions in an unabated assessment under Section 153A of the Income-tax Act could not be sustained where the assessment year had already concluded on the date of search and no incriminating material was found in the assessee's own search. The additions were based on material from another person's search proceedings, which did not provide the factual foundation required for invoking Section 153A in a concluded assessment. On that basis, the impugned additions were held unsustainable and the issue was decided in favour of the assessee. en-us Wed, 13 Mar 2024 00:00:00 +0530 Mon, 24 Feb 2025 18:57:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460839 Additions in an unabated assessment under Section 153A of the Income-tax Act could not be sustained where the assessment year had already concluded on the date of search and no incriminating material was found in the assessee's own search. The additions were based on material from another person's search proceedings, which did not provide the factual foundation required for invoking Section 153A in a concluded assessment. On that basis, the impugned additions were held unsustainable and the issue was decided in favour of the assessee. Case-Laws Income Tax Wed, 13 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460839