https://www.taxtmi.com/caselaws?id=209903 Section 153A does not permit revival of additions that were earlier deleted in appellate proceedings and had attained finality, so repeated additions for the same assessment years could not be sustained. The tribunal also rejected additions based on alleged bogus share transactions and unexplained expenditure because the revenue relied mainly on inconsistent statements and an unreliable affidavit, while earlier appellate and tribunal findings on similar facts supported the assessee. The reassessments were therefore not allowed to stand to the extent they replicated settled additions or lacked fresh sustainable material. 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 Section 153A does not permit revival of additions that were earlier deleted in appellate proceedings and had attained finality, so repeated additions for the same assessment years could not be sustained. The tribunal also rejected additions based on alleged bogus share transactions and unexplained expenditure because the revenue relied mainly on inconsistent statements and an unreliable affidavit, while earlier appellate and tribunal findings on similar facts supported the assessee. The reassessments were therefore not allowed to stand to the extent they replicated settled additions or lacked fresh sustainable material. Case-Laws Income Tax Wed, 25 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209903