https://www.taxtmi.com/caselaws?id=209903 The Tribunal upheld the assessee's challenge against assessments under section 153A, emphasizing that finality of issues cannot be ignored, and additions deleted in earlier proceedings cannot be revived under section 153A. The Tribunal also supported the deletion of unexplained expenditure added by the Assessing Officer, citing unreliable testimony. Additionally, the Tribunal agreed with the CIT(A) on the treatment of short-term capital gains and losses, allowing set-off and confirming the amounts as genuine gains. The Tribunal dismissed the revenue's appeals, stressing the significance of respecting final assessments and judicial orders. en-us Wed, 25 May 2011 00:00:00 +0530 Mon, 08 Jul 2013 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209903 The Tribunal upheld the assessee's challenge against assessments under section 153A, emphasizing that finality of issues cannot be ignored, and additions deleted in earlier proceedings cannot be revived under section 153A. The Tribunal also supported the deletion of unexplained expenditure added by the Assessing Officer, citing unreliable testimony. Additionally, the Tribunal agreed with the CIT(A) on the treatment of short-term capital gains and losses, allowing set-off and confirming the amounts as genuine gains. The Tribunal dismissed the revenue's appeals, stressing the significance of respecting final assessments and judicial orders. Case-Laws Income Tax Wed, 25 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209903