https://www.taxtmi.com/caselaws?id=465104 ITAT set aside the order of CIT(A), holding that the deletion of additions solely on the technical ground of absence of "incriminating material" under s.153A was improper without examining the merits. ITAT clarified that "incriminating material" covers any evidence found during search having a bearing on undisclosed income, including documents, entries, assets, statements, or inconsistencies with earlier claims. The core dispute concerned loans/advances from 11 Kolkata-based companies treated by the AO as accommodation entries, while the assessee claimed full or substantial repayment supported by ledgers and confirmations. ITAT remanded the matter to CIT(A) to verify repayment and re-adjudicate the additions in accordance with law. en-us Fri, 08 Aug 2025 00:00:00 +0530 Fri, 05 Dec 2025 19:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465104 ITAT set aside the order of CIT(A), holding that the deletion of additions solely on the technical ground of absence of "incriminating material" under s.153A was improper without examining the merits. ITAT clarified that "incriminating material" covers any evidence found during search having a bearing on undisclosed income, including documents, entries, assets, statements, or inconsistencies with earlier claims. The core dispute concerned loans/advances from 11 Kolkata-based companies treated by the AO as accommodation entries, while the assessee claimed full or substantial repayment supported by ledgers and confirmations. ITAT remanded the matter to CIT(A) to verify repayment and re-adjudicate the additions in accordance with law. Case-Laws Income Tax Fri, 08 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465104