Assessment u/s 153A can be made only on the basis of incriminating material found in search

It is held that the additions were made beyond the scope of Section 153A/153C of the IT Act as no incriminating material in support of the additions made under Section 68 and under Section 14A were brought on record by the Revenue.

1. The Revenue has filed these Appeals challenging the order of the Income Tax Appellate Tribunal.

2. We would take the facts from Income Tax Appeal No. 1709 of 2014.

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