https://www.taxtmi.com/caselaws?id=67196 The ITAT upheld the validity of assessments under section 153A, confirming that the search and seizure operations were conducted appropriately, despite the absence of a separate panchnama for the appellant. However, the ITAT found the ad hoc additions to administrative expenses and the disallowance of depreciation to be unjustified and unsupported by evidence. Consequently, the tribunal deleted these additions and disallowances, partly allowing the appeals of the assessee. en-us Fri, 12 Sep 2008 00:00:00 +0530 Sat, 09 Dec 2023 20:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67196 The ITAT upheld the validity of assessments under section 153A, confirming that the search and seizure operations were conducted appropriately, despite the absence of a separate panchnama for the appellant. However, the ITAT found the ad hoc additions to administrative expenses and the disallowance of depreciation to be unjustified and unsupported by evidence. Consequently, the tribunal deleted these additions and disallowances, partly allowing the appeals of the assessee. Case-Laws Income Tax Fri, 12 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67196