https://www.taxtmi.com/caselaws?id=257330 The Tribunal upheld the validity of the assessment made in the name of a non-existent entity, citing the predecessor's obligation to be assessed until the date of succession. It affirmed the jurisdiction of the Assessing Officer, noting the acceptance of jurisdiction by the assessee. The application of Section 153A over Section 153C was supported, emphasizing the search's impact on assessment. The seized diaries were deemed admissible and reliable as evidence, given the failure to rebut their contents. The method of determining undisclosed income through unexplained payments was upheld, leading to the dismissal of the appeals and stay petitions on February 20, 2015. en-us Fri, 20 Feb 2015 00:00:00 +0530 Tue, 10 Mar 2015 06:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257330 The Tribunal upheld the validity of the assessment made in the name of a non-existent entity, citing the predecessor's obligation to be assessed until the date of succession. It affirmed the jurisdiction of the Assessing Officer, noting the acceptance of jurisdiction by the assessee. The application of Section 153A over Section 153C was supported, emphasizing the search's impact on assessment. The seized diaries were deemed admissible and reliable as evidence, given the failure to rebut their contents. The method of determining undisclosed income through unexplained payments was upheld, leading to the dismissal of the appeals and stay petitions on February 20, 2015. Case-Laws Income Tax Fri, 20 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257330