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2022 (8) TMI 950 - AT - Income TaxAssessment u/s 153A - Whether incriminating material seized in search? - HELD THAT:- No addition is called for in the absence of any incriminating material found and seized during the search & seizure operation conducted u/s. 132. Addition of interest income from HSBC Bank Account - On perusal of the record, we find that the amount of Rs. 16,23,822/- mentioned by the Ld. CIT(A) be read as Rs. 12,22,265/- which was addition made by the AO on account of interest received as per para No. 3.4 of the Assessment Order. Not allowing the benefit of loss incurred by the assessee on sale of investment - With regard to loss incurred the matter is being referred to the file of the AO to determine the type of loss viz. speculative, non-speculative or business and allow the same in accordance with the provisions of law. Appeals of the assessee are allowed
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