https://www.taxtmi.com/caselaws?id=235062 The Tribunal upheld the validity of assessments under section 153A, considering unexplained cash deposits as incriminating material. The issue of agricultural income was sent back to the AO for reevaluation based on additional evidence. Various aspects of deemed dividend were addressed, with some additions confirmed and others sent for fresh consideration. The Tribunal partially restored the issue of unexplained expenditure for verification. Cash deposits were explained by agricultural income. Investments in properties were attributed to companies, not the individual assessee. Unexplained cash and jewelry found during search were deemed reasonable. The Tribunal directed reevaluation of interest under section 234B and upheld assessments in individual capacity. en-us Tue, 30 Apr 2013 00:00:00 +0530 Mon, 28 Mar 2016 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235062 The Tribunal upheld the validity of assessments under section 153A, considering unexplained cash deposits as incriminating material. The issue of agricultural income was sent back to the AO for reevaluation based on additional evidence. Various aspects of deemed dividend were addressed, with some additions confirmed and others sent for fresh consideration. The Tribunal partially restored the issue of unexplained expenditure for verification. Cash deposits were explained by agricultural income. Investments in properties were attributed to companies, not the individual assessee. Unexplained cash and jewelry found during search were deemed reasonable. The Tribunal directed reevaluation of interest under section 234B and upheld assessments in individual capacity. Case-Laws Income Tax Tue, 30 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235062