https://www.taxtmi.com/caselaws?id=222072 The Tribunal allowed all three appeals filed by the revenue against CIT(A) orders for assessment years 2002-03 to 2004-05. The Assessing Officer's additions of unexplained share application money, loan creditors, and disallowed expenses were deemed invalid under section 153C due to lack of seized material. The Tribunal disagreed with CIT(A)'s direction to delete the additions without seized material, remitting the matter back to the Assessing Officer for a fresh assessment based on all available evidence. The orders of CIT(A) were set aside, and the issue of claimed expenditures was to be re-examined with the assessee given a reasonable opportunity to be heard. en-us Fri, 15 Feb 2013 00:00:00 +0530 Fri, 29 Mar 2013 18:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222072 The Tribunal allowed all three appeals filed by the revenue against CIT(A) orders for assessment years 2002-03 to 2004-05. The Assessing Officer's additions of unexplained share application money, loan creditors, and disallowed expenses were deemed invalid under section 153C due to lack of seized material. The Tribunal disagreed with CIT(A)'s direction to delete the additions without seized material, remitting the matter back to the Assessing Officer for a fresh assessment based on all available evidence. The orders of CIT(A) were set aside, and the issue of claimed expenditures was to be re-examined with the assessee given a reasonable opportunity to be heard. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222072