https://www.taxtmi.com/caselaws?id=275129 The appeals filed by the assessee were dismissed, while the appeals filed by the Revenue were allowed in part. The validity of assessment proceedings under section 153A was upheld, additions on account of bogus gifts and short-term capital gains from share transactions were confirmed, and the addition for unexplained cash found during the search was remanded back to the Assessing Officer for further computation. en-us Mon, 06 Aug 2012 00:00:00 +0530 Wed, 08 Dec 2021 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275129 The appeals filed by the assessee were dismissed, while the appeals filed by the Revenue were allowed in part. The validity of assessment proceedings under section 153A was upheld, additions on account of bogus gifts and short-term capital gains from share transactions were confirmed, and the addition for unexplained cash found during the search was remanded back to the Assessing Officer for further computation. Case-Laws Income Tax Mon, 06 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275129