https://www.taxtmi.com/caselaws?id=256170 The Tribunal upheld the validity of assessments under Section 153C of the Income Tax Act, rejecting the contention that notice under section 143(2) was mandatory. It found the Assessing Officer (AO) had conducted adequate enquiries despite the Commissioner's differing view. Disallowance of car expenses was upheld based on available information. The Tribunal disagreed with the Commissioner's findings on depreciation of assets and hospital building, unsecured loans, unvouched expenses, and related party expenses. The Commissioner's jurisdiction under Section 263 was found invalid except for the disallowance of interest on certain unsecured loans. The Tribunal partly allowed the assessee's appeals. en-us Fri, 22 Nov 2013 00:00:00 +0530 Thu, 05 Feb 2015 05:56:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256170 The Tribunal upheld the validity of assessments under Section 153C of the Income Tax Act, rejecting the contention that notice under section 143(2) was mandatory. It found the Assessing Officer (AO) had conducted adequate enquiries despite the Commissioner's differing view. Disallowance of car expenses was upheld based on available information. The Tribunal disagreed with the Commissioner's findings on depreciation of assets and hospital building, unsecured loans, unvouched expenses, and related party expenses. The Commissioner's jurisdiction under Section 263 was found invalid except for the disallowance of interest on certain unsecured loans. The Tribunal partly allowed the assessee's appeals. Case-Laws Income Tax Fri, 22 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256170