https://www.taxtmi.com/caselaws?id=341377 The Tribunal allowed the assessee's Cross Objections, condoning the delay in filing and finding the additions made under Section 153A invalid due to lack of incriminating material. The Tribunal upheld the deletion of additions on share capital and unexplained unsecured loans, emphasizing the genuineness of transactions and insufficiency of evidence for the AO's claims. The department's appeals were dismissed, affirming the Tribunal's consistent findings for the assessment years 2006-07 and 2008-09. en-us Thu, 23 Mar 2017 00:00:00 +0530 Fri, 07 Apr 2017 08:05:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341377 The Tribunal allowed the assessee's Cross Objections, condoning the delay in filing and finding the additions made under Section 153A invalid due to lack of incriminating material. The Tribunal upheld the deletion of additions on share capital and unexplained unsecured loans, emphasizing the genuineness of transactions and insufficiency of evidence for the AO's claims. The department's appeals were dismissed, affirming the Tribunal's consistent findings for the assessment years 2006-07 and 2008-09. Case-Laws Income Tax Thu, 23 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341377