https://www.taxtmi.com/caselaws?id=768238 For an unabated assessment under section 153A, additions must be grounded in specific seized material; absent such material, a revision under section 263 cannot be sustained merely on proposed issues such as deemed dividend, commission payment or cash transactions. The assessment order was therefore not shown to be both erroneous and prejudicial to the interests of the revenue on the facts described, and the revision was set aside in favour of the assessee. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 03 Apr 2025 07:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768238 For an unabated assessment under section 153A, additions must be grounded in specific seized material; absent such material, a revision under section 263 cannot be sustained merely on proposed issues such as deemed dividend, commission payment or cash transactions. The assessment order was therefore not shown to be both erroneous and prejudicial to the interests of the revenue on the facts described, and the revision was set aside in favour of the assessee. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768238