https://www.taxtmi.com/caselaws?id=351101 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeal, upholding the CIT(A)'s decisions. The assessment under section 153A was deemed invalid due to lack of undisclosed income evidence. Additions related to unexplained money, cash, jewelry, and car investment were deleted as evidence supported transactions. The penalty under section 271(1)(c) was deleted as it was imposed on another party. The wealth tax addition was also deleted in line with income tax proceedings. en-us Fri, 11 Aug 2017 00:00:00 +0530 Mon, 20 Nov 2017 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351101 The Tribunal dismissed the Revenue's appeals and partly allowed the assessee's appeal, upholding the CIT(A)'s decisions. The assessment under section 153A was deemed invalid due to lack of undisclosed income evidence. Additions related to unexplained money, cash, jewelry, and car investment were deleted as evidence supported transactions. The penalty under section 271(1)(c) was deleted as it was imposed on another party. The wealth tax addition was also deleted in line with income tax proceedings. Case-Laws Income Tax Fri, 11 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351101