https://www.taxtmi.com/caselaws?id=269778 The court ruled in favor of the Revenue regarding the validity of additions under Section 68 of the Income Tax Act. The matter was remanded to the ITAT for a fresh examination of the relevant facts concerning the Assessee. The Assessee's challenge to the search and assumption of jurisdiction under Section 153A was not entertained due to lack of argument before the ITAT. The court emphasized the need for the ITAT to independently assess the facts of the Assessee's case rather than relying solely on precedent. en-us Fri, 18 Dec 2015 00:00:00 +0530 Tue, 03 May 2016 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269778 The court ruled in favor of the Revenue regarding the validity of additions under Section 68 of the Income Tax Act. The matter was remanded to the ITAT for a fresh examination of the relevant facts concerning the Assessee. The Assessee's challenge to the search and assumption of jurisdiction under Section 153A was not entertained due to lack of argument before the ITAT. The court emphasized the need for the ITAT to independently assess the facts of the Assessee's case rather than relying solely on precedent. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269778