https://www.taxtmi.com/caselaws?id=261186 The Tribunal dismissed various grounds raised by the assessee, including challenges to the legality and jurisdiction of the assessment order, validity of search proceedings, scope of assessment under section 153A, and additions/disallowances without incriminating material. The Tribunal also found errors in the reliance on special audit reports, conduct of search operations, and basis of additions made. It directed the Assessing Officer to re-examine several issues, such as undisclosed sales, undervaluation of stock, transfer pricing adjustments, and unexplained purchases. Additionally, the Tribunal allowed certain expenses, credits, and losses while dismissing claims for interest payments and depreciation on intangible assets. en-us Mon, 21 Jul 2014 00:00:00 +0530 Sat, 04 Jul 2015 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261186 The Tribunal dismissed various grounds raised by the assessee, including challenges to the legality and jurisdiction of the assessment order, validity of search proceedings, scope of assessment under section 153A, and additions/disallowances without incriminating material. The Tribunal also found errors in the reliance on special audit reports, conduct of search operations, and basis of additions made. It directed the Assessing Officer to re-examine several issues, such as undisclosed sales, undervaluation of stock, transfer pricing adjustments, and unexplained purchases. Additionally, the Tribunal allowed certain expenses, credits, and losses while dismissing claims for interest payments and depreciation on intangible assets. Case-Laws Income Tax Mon, 21 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261186