https://www.taxtmi.com/caselaws?id=278089 The Tribunal held that assessments for years 2005-06 and 2006-07 were invalid under section 153A due to lack of incriminating material. For other years, assessments were upheld if incriminating material was found. Cash payments exceeding Rs. 20,000/- not made by cheque were allowed if paid through agents. Inflated land purchase costs were limited to unconfirmed payments. Disallowances under sections 40(a)(ia) and 40A(2)(b) were rejected. Registration expenses were remitted for verification. Other issues were remitted for further review or dismissed. Interest under sections 234A & 234B was upheld. The assessee's appeals were allowed in part, and Revenue's appeals were dismissed. en-us Fri, 19 Feb 2016 00:00:00 +0530 Wed, 08 Apr 2026 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278089 The Tribunal held that assessments for years 2005-06 and 2006-07 were invalid under section 153A due to lack of incriminating material. For other years, assessments were upheld if incriminating material was found. Cash payments exceeding Rs. 20,000/- not made by cheque were allowed if paid through agents. Inflated land purchase costs were limited to unconfirmed payments. Disallowances under sections 40(a)(ia) and 40A(2)(b) were rejected. Registration expenses were remitted for verification. Other issues were remitted for further review or dismissed. Interest under sections 234A & 234B was upheld. The assessee's appeals were allowed in part, and Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 19 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278089