https://www.taxtmi.com/caselaws?id=248832 The Tribunal upheld the validity of proceedings under Section 153A and the deletion of additions made by the AO regarding unexplained share application money. It emphasized the requirement of incriminating material for additions under Section 153A and the need for proper inquiries by the AO when the assessee provides adequate evidence. The Tribunal dismissed cross objections by the assessee and revenue appeals. en-us Fri, 06 Jun 2014 00:00:00 +0530 Thu, 26 Jun 2014 11:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248832 The Tribunal upheld the validity of proceedings under Section 153A and the deletion of additions made by the AO regarding unexplained share application money. It emphasized the requirement of incriminating material for additions under Section 153A and the need for proper inquiries by the AO when the assessee provides adequate evidence. The Tribunal dismissed cross objections by the assessee and revenue appeals. Case-Laws Income Tax Fri, 06 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248832