https://www.taxtmi.com/caselaws?id=151078 The Tribunal upheld the validity of the assessment order under section 153A, disallowed the bad debts claimed by the assessee-company, deleted the addition of alleged on-money payment of Rs. 2.85 crores, and dismissed the protective assessment of Rs. 2.85 crores in the hands of Shri Jaikishan Virwani. The appeal filed by Shri Jaikishan Virwani was allowed, resulting in the deletion of the protective assessment. en-us Thu, 22 Jul 2010 00:00:00 +0530 Mon, 21 Aug 2023 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151078 The Tribunal upheld the validity of the assessment order under section 153A, disallowed the bad debts claimed by the assessee-company, deleted the addition of alleged on-money payment of Rs. 2.85 crores, and dismissed the protective assessment of Rs. 2.85 crores in the hands of Shri Jaikishan Virwani. The appeal filed by Shri Jaikishan Virwani was allowed, resulting in the deletion of the protective assessment. Case-Laws Income Tax Thu, 22 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151078