https://www.taxtmi.com/caselaws?id=356891 The court upheld the additions made by the Assessing Officer based on seized materials from a related premise, attributing undisclosed income to the assessee and his brother. The court deemed the assessment valid without a separate notice under Section 153C, as the search was joint and materials seized were usable against both parties. The apportionment of undisclosed interest income between the brothers was affirmed as reasonable, based on a settlement award. Additionally, unaccounted expenditure on the marriage was added to the assessee's income, supported by seized documents. The appeal was dismissed in favor of the Revenue, affirming the validity of the additions and procedures followed. en-us Mon, 12 Mar 2018 00:00:00 +0530 Wed, 14 Mar 2018 06:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356891 The court upheld the additions made by the Assessing Officer based on seized materials from a related premise, attributing undisclosed income to the assessee and his brother. The court deemed the assessment valid without a separate notice under Section 153C, as the search was joint and materials seized were usable against both parties. The apportionment of undisclosed interest income between the brothers was affirmed as reasonable, based on a settlement award. Additionally, unaccounted expenditure on the marriage was added to the assessee's income, supported by seized documents. The appeal was dismissed in favor of the Revenue, affirming the validity of the additions and procedures followed. Case-Laws Income Tax Mon, 12 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356891