https://www.taxtmi.com/caselaws?id=179248 The Tribunal held that assessment orders under Section 153A without incriminating material were invalid. Additions under Section 68 for unexplained gifts were deleted due to lack of incriminating evidence. Disallowance under Section 14A was restricted to 5% of exempt income. No additions were allowed for share transactions without concrete evidence. Unexplained investments in shares were deleted as they were recorded in the books. The delay in filing cross objections was condoned, but dismissed as academic. The assessee's appeals for certain assessment years were allowed, while the Revenue's appeals were partly allowed for other years. en-us Thu, 10 Apr 2014 00:00:00 +0530 Wed, 10 Apr 2019 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179248 The Tribunal held that assessment orders under Section 153A without incriminating material were invalid. Additions under Section 68 for unexplained gifts were deleted due to lack of incriminating evidence. Disallowance under Section 14A was restricted to 5% of exempt income. No additions were allowed for share transactions without concrete evidence. Unexplained investments in shares were deleted as they were recorded in the books. The delay in filing cross objections was condoned, but dismissed as academic. The assessee's appeals for certain assessment years were allowed, while the Revenue's appeals were partly allowed for other years. Case-Laws Income Tax Thu, 10 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179248