https://www.taxtmi.com/caselaws?id=368392 The Tribunal partly allowed the Revenue's appeals for AYs 2003-04 and 2004-05, with certain additions deleted by the CIT (A) being reinstated. The Tribunal emphasized that additions in assessments under section 153A should be based on seized incriminating material and not estimations. Issues regarding unaccounted income from scrap sales, estimated speed money expenses, value of transformer oil, and unvouched business expenses were remanded back to the AO for fresh consideration and verification. en-us Wed, 03 Oct 2018 00:00:00 +0530 Mon, 08 Oct 2018 07:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368392 The Tribunal partly allowed the Revenue's appeals for AYs 2003-04 and 2004-05, with certain additions deleted by the CIT (A) being reinstated. The Tribunal emphasized that additions in assessments under section 153A should be based on seized incriminating material and not estimations. Issues regarding unaccounted income from scrap sales, estimated speed money expenses, value of transformer oil, and unvouched business expenses were remanded back to the AO for fresh consideration and verification. Case-Laws Income Tax Wed, 03 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368392