https://www.taxtmi.com/caselaws?id=464486 ITAT NAGPUR held that revision under s.263 was not justified for AY 2016-17 because the assessment was unabated at the time of search and no incriminating documents were unearthed to support additions. Additions under s.68 could not be sustained as they did not emanate from seized material; consequently s.263 had no application. Relying on precedent, the Tribunal allowed the assessee's appeal and set aside the revisionary action. en-us Fri, 21 Mar 2025 00:00:00 +0530 Thu, 30 Oct 2025 14:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464486 ITAT NAGPUR held that revision under s.263 was not justified for AY 2016-17 because the assessment was unabated at the time of search and no incriminating documents were unearthed to support additions. Additions under s.68 could not be sustained as they did not emanate from seized material; consequently s.263 had no application. Relying on precedent, the Tribunal allowed the assessee's appeal and set aside the revisionary action. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464486