https://www.taxtmi.com/caselaws?id=772675 The Tribunal ruled against the tax authority's assessment, finding critical procedural and substantive flaws. The AO lacked jurisdiction under section 153A to make additions based on documents from a third party's premises. The assessment was deemed inconsistent, involving rejection of books while adopting their profit margins, effectively causing double taxation. Following precedent from coordinate benches, the Tribunal set aside the additions and reversed the CIT(A)'s order. en-us Wed, 23 Apr 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772675 The Tribunal ruled against the tax authority's assessment, finding critical procedural and substantive flaws. The AO lacked jurisdiction under section 153A to make additions based on documents from a third party's premises. The assessment was deemed inconsistent, involving rejection of books while adopting their profit margins, effectively causing double taxation. Following precedent from coordinate benches, the Tribunal set aside the additions and reversed the CIT(A)'s order. Case-Laws Income Tax Wed, 23 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772675