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TMI Blog2022 (5) TMI 415X X X X Extracts X X X X X X X X Extracts X X X X ..... t out in the Assessment Order that some of the sub-contractors who were examined have stated that they have not done, any sub-contract work for the assessee company? - HELD THAT:- We note with the able assistance of both the parties that the CIT(A) has quashed the impugned assessment itself as not based on any incriminating material found or seized during the course of the search. CIT-DIR vehem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ra, Judicial Member And Shri Laxmi Prasad Sahu, Accountant Member For the Assessee : Shri M.V. Anil Kumar, CA. For the Revenue : Shri Rajendra Kumar, CIT-DR. ORDER Per S.S. Godara, J.M. This Revenue s appeal for A.Y. 2016-17 arises from the Commissioner of Income Tax (Appeals) 11, Hyderabad s, order dated 07.08.2020 in case No.10259/2019-20 involving proceedin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... not discharged the onus of substantiating such claim as revenue expenses. 3. We next note with the able assistance of both the parties that the CIT(A) has quashed the impugned assessment itself as not based on any incriminating material found or seized during the course of the search as under : 4. Learned CIT-DIR vehemently contended during the course of hearing that hon ..... X X X X Extracts X X X X X X X X Extracts X X X X
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