https://www.taxtmi.com/caselaws?id=469813 Completed assessments under section 153A can be disturbed only on the basis of incriminating material found during search. Where the assessment years were unabated and the documents relied on by the Revenue were already reflected in the assessee's books or statutory filings, they did not amount to incriminating material. On that footing, additions under section 68 for share capital and share premium were not sustainable and were deleted. The cross objection on the jurisdictional point under section 153A was withdrawn, and the challenge to approval under section 153D was left open. en-us Fri, 16 Aug 2024 00:00:00 +0530 Wed, 08 Jul 2026 13:20:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469813 Completed assessments under section 153A can be disturbed only on the basis of incriminating material found during search. Where the assessment years were unabated and the documents relied on by the Revenue were already reflected in the assessee's books or statutory filings, they did not amount to incriminating material. On that footing, additions under section 68 for share capital and share premium were not sustainable and were deleted. The cross objection on the jurisdictional point under section 153A was withdrawn, and the challenge to approval under section 153D was left open. Case-Laws Income Tax Fri, 16 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469813