https://www.taxtmi.com/caselaws?id=263459 The Tribunal found the initiation of proceedings under Section 153C invalid due to the absence of recorded satisfaction and incriminating material. It also ruled that the additions towards low withdrawals and an unexplained gift were unjustified, lacking evidentiary support. As a result, the Tribunal set aside the orders and allowed all appeals. en-us Fri, 21 Aug 2015 00:00:00 +0530 Thu, 03 Sep 2015 07:45:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263459 The Tribunal found the initiation of proceedings under Section 153C invalid due to the absence of recorded satisfaction and incriminating material. It also ruled that the additions towards low withdrawals and an unexplained gift were unjustified, lacking evidentiary support. As a result, the Tribunal set aside the orders and allowed all appeals. Case-Laws Income Tax Fri, 21 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263459