https://www.taxtmi.com/caselaws?id=263716 The Tribunal upheld the AO's additions as income, ruling that the assessees failed to prove the nature and source of the gifts under section 68. The Tribunal held that the AO could scrutinize returns filed under section 153A, as there were no concluded proceedings before the search. The Special Bench decision was deemed inapplicable due to the absence of prior concluded proceedings. As a result, the appeals were dismissed, affirming the additions made by the AO. en-us Fri, 21 Aug 2015 00:00:00 +0530 Thu, 03 Sep 2015 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263716 The Tribunal upheld the AO's additions as income, ruling that the assessees failed to prove the nature and source of the gifts under section 68. The Tribunal held that the AO could scrutinize returns filed under section 153A, as there were no concluded proceedings before the search. The Special Bench decision was deemed inapplicable due to the absence of prior concluded proceedings. As a result, the appeals were dismissed, affirming the additions made by the AO. Case-Laws Income Tax Fri, 21 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263716