https://www.taxtmi.com/caselaws?id=781705 The HC upheld the Commissioner (Appeals) and ITAT orders granting relief to the Assessee in an assessment under s.153A, finding the statutory prerequisite of discovering incriminating material during the search was not satisfied. The court declined to reappreciate concurrent factual findings under Article 260-A, finding no perversity or exclusion of relevant evidence, and noted retraction and regulatory orders (SEBI and others) were considered by lower authorities. Consequently, the HC affirmed relief and dismissed Revenue's challenge. en-us Wed, 12 Nov 2025 00:00:00 +0530 Wed, 19 Nov 2025 08:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781705 The HC upheld the Commissioner (Appeals) and ITAT orders granting relief to the Assessee in an assessment under s.153A, finding the statutory prerequisite of discovering incriminating material during the search was not satisfied. The court declined to reappreciate concurrent factual findings under Article 260-A, finding no perversity or exclusion of relevant evidence, and noted retraction and regulatory orders (SEBI and others) were considered by lower authorities. Consequently, the HC affirmed relief and dismissed Revenue's challenge. Case-Laws Income Tax Wed, 12 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781705