https://www.taxtmi.com/caselaws?id=771852 ITAT Mumbai ruled in favor of the assessee, deleting all additions made by AO under section 153A for AYs 2012-13 to 2016-17. The tribunal held that no incriminating material was found at the assessee's premises during search operations, making the additions beyond AO's jurisdiction. The revenue's case was based solely on materials found at third parties' premises and presumptions. Additions under sections 69 and 56 regarding alleged cash loans and notional interest were deleted as unsupported by evidence. Addition for unexplained jewellery under section 69A was also deleted as adequately explained and within permissible limits for a seven-member family. en-us Thu, 22 May 2025 00:00:00 +0530 Thu, 29 May 2025 14:27:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771852 ITAT Mumbai ruled in favor of the assessee, deleting all additions made by AO under section 153A for AYs 2012-13 to 2016-17. The tribunal held that no incriminating material was found at the assessee's premises during search operations, making the additions beyond AO's jurisdiction. The revenue's case was based solely on materials found at third parties' premises and presumptions. Additions under sections 69 and 56 regarding alleged cash loans and notional interest were deleted as unsupported by evidence. Addition for unexplained jewellery under section 69A was also deleted as adequately explained and within permissible limits for a seven-member family. Case-Laws Income Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771852