https://www.taxtmi.com/caselaws?id=214354 Andhra Pradesh HC upheld the concurrent view that assessments under Sections 153A/153C may consider material beyond search records and that Section 158BB principles do not govern 153A/153C; no substantial question of law arose. The HC found no basis to infer receipt of on-money by the firm for all sales, but held the AO had adequate material (sale deeds and assessee replies) to form an opinion. Appreciation of that material fell within the AO's domain and was not perverse. The CIT(A)'s acceptance that land-cost disallowance was unjustified was sustained, and the AO was directed to reassess certain legal and development expenses. No interference. en-us Thu, 15 Dec 2011 00:00:00 +0530 Thu, 06 Aug 2026 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214354 Andhra Pradesh HC upheld the concurrent view that assessments under Sections 153A/153C may consider material beyond search records and that Section 158BB principles do not govern 153A/153C; no substantial question of law arose. The HC found no basis to infer receipt of on-money by the firm for all sales, but held the AO had adequate material (sale deeds and assessee replies) to form an opinion. Appreciation of that material fell within the AO's domain and was not perverse. The CIT(A)'s acceptance that land-cost disallowance was unjustified was sustained, and the AO was directed to reassess certain legal and development expenses. No interference. Case-Laws Income Tax Thu, 15 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214354