https://www.taxtmi.com/caselaws?id=461075 ITAT Mumbai dismissed Revenue's appeal in assessment u/s 153A case. The tribunal held that the Department failed to substantiate any incriminating material found during search to establish non-genuineness of unsecured loans. While book entries could be false due to incriminating material discovered during search, the entries themselves are not incriminating material unless proven false through other evidence. The additions made u/s 68 were deleted as no incriminating material justified the additions. en-us Fri, 28 Apr 2023 00:00:00 +0530 Tue, 11 Mar 2025 18:56:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461075 ITAT Mumbai dismissed Revenue's appeal in assessment u/s 153A case. The tribunal held that the Department failed to substantiate any incriminating material found during search to establish non-genuineness of unsecured loans. While book entries could be false due to incriminating material discovered during search, the entries themselves are not incriminating material unless proven false through other evidence. The additions made u/s 68 were deleted as no incriminating material justified the additions. Case-Laws Income Tax Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461075