https://www.taxtmi.com/caselaws?id=236423 Completed assessments under section 153A could not be disturbed for additions and disallowances in the absence of incriminating material found in search, so the related disallowances were deleted. Unaccounted payments linked to under-invoiced beetle nut imports, and the income surrendered on that basis, were held assessable in the hands of the individual who made the surrender and paid tax, not again in the hands of the firm or another concern; the substantive and protective additions in those hands were deleted. The trading addition based on rejection of books and gross profit estimation was left undisturbed, while the expense disallowance was sustained only to the limited extent accepted by the appellate authority, with telescoping applied where appropriate. en-us Fri, 22 Feb 2013 00:00:00 +0530 Fri, 17 Apr 2015 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236423 Completed assessments under section 153A could not be disturbed for additions and disallowances in the absence of incriminating material found in search, so the related disallowances were deleted. Unaccounted payments linked to under-invoiced beetle nut imports, and the income surrendered on that basis, were held assessable in the hands of the individual who made the surrender and paid tax, not again in the hands of the firm or another concern; the substantive and protective additions in those hands were deleted. The trading addition based on rejection of books and gross profit estimation was left undisturbed, while the expense disallowance was sustained only to the limited extent accepted by the appellate authority, with telescoping applied where appropriate. Case-Laws Income Tax Fri, 22 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236423