https://www.taxtmi.com/caselaws?id=770340 ITAT Lucknow ruled in favor of the assessee in a search assessment under section 153A involving addition of unsecured loan on protective and substantive basis. The tribunal held that additions cannot be made in search assessments without incriminating material, following the coordinate bench decision in Smt. Shashi Agarwal and Supreme Court precedent in Abhisar Buildwell (P.) Ltd. Since no incriminating material was found from either the assessee or third parties, the assessment orders under section 153-C were properly set aside. en-us Tue, 06 May 2025 00:00:00 +0530 Fri, 09 May 2025 09:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770340 ITAT Lucknow ruled in favor of the assessee in a search assessment under section 153A involving addition of unsecured loan on protective and substantive basis. The tribunal held that additions cannot be made in search assessments without incriminating material, following the coordinate bench decision in Smt. Shashi Agarwal and Supreme Court precedent in Abhisar Buildwell (P.) Ltd. Since no incriminating material was found from either the assessee or third parties, the assessment orders under section 153-C were properly set aside. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770340