https://www.taxtmi.com/caselaws?id=278603 The Tribunal remanded the case back to the CIT(A) to determine the validity of the assessment under Section 153A, following the precedent set in CIT Vs. Lancy Constructions. The Tribunal directed a fresh decision considering the presence of incriminating material during the search. All appeals were allowed for statistical purposes, awaiting resolution of the technical aspect before addressing issues related to disallowance under Section 14A, computation of book profit under Section 115JB, deduction under Section 80IA, adjustment for interest-free financial assistance, and classification of margin money deposits and foreign exchange gain. en-us Tue, 21 Nov 2017 00:00:00 +0530 Thu, 14 Feb 2019 06:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278603 The Tribunal remanded the case back to the CIT(A) to determine the validity of the assessment under Section 153A, following the precedent set in CIT Vs. Lancy Constructions. The Tribunal directed a fresh decision considering the presence of incriminating material during the search. All appeals were allowed for statistical purposes, awaiting resolution of the technical aspect before addressing issues related to disallowance under Section 14A, computation of book profit under Section 115JB, deduction under Section 80IA, adjustment for interest-free financial assistance, and classification of margin money deposits and foreign exchange gain. Case-Laws Income Tax Tue, 21 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278603