https://www.taxtmi.com/highlights?id=92529 The ITAT allowed Revenue's legal contention that documents seized from a third party could be considered in proceedings under s.153A where the assessee was also a searched person, holding s.153C inapplicable to that extent and setting aside the CIT(A)'s exclusion of such documents. However, on merits the Tribunal dismissed Revenue's additions under s.69B for completed assessments where no incriminating material was seized from the assessee's premises, finding the AO relied solely on third-party papers and granting relief to the assessee. The Tribunal upheld deletion of disallowance under s.40A(2)(b) for lack of objective material and accepted the CIT(A)'s telescoping of land-investment additions, rejecting Revenue's broader challenge. en-us Mon, 15 Sep 2025 08:26:13 +0530 Mon, 15 Sep 2025 08:26:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92529 The ITAT allowed Revenue's legal contention that documents seized from a third party could be considered in proceedings under s.153A where the assessee was also a searched person, holding s.153C inapplicable to that extent and setting aside the CIT(A)'s exclusion of such documents. However, on merits the Tribunal dismissed Revenue's additions under s.69B for completed assessments where no incriminating material was seized from the assessee's premises, finding the AO relied solely on third-party papers and granting relief to the assessee. The Tribunal upheld deletion of disallowance under s.40A(2)(b) for lack of objective material and accepted the CIT(A)'s telescoping of land-investment additions, rejecting Revenue's broader challenge. Highlights Income Tax Mon, 15 Sep 2025 08:26:13 +0530 https://www.taxtmi.com/highlights?id=92529