https://www.taxtmi.com/caselaws?id=380159 In a section 153A search assessment, the absence of notice under section 143(2) did not vitiate the assessment because no specific statutory requirement for such notice was applied to this type of proceeding, and section 292B gave the assessee no relief on the facts. Unexplained cash deposits in bank accounts were also treated as taxable under section 68 where the assessee failed to prove the identity, creditworthiness, genuineness, and source of the alleged lenders or deposits. Self-serving affidavits and unsupported claims of no regular books of account were held insufficient, and the additions were sustained. en-us Mon, 13 May 2019 00:00:00 +0530 Tue, 14 May 2019 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380159 In a section 153A search assessment, the absence of notice under section 143(2) did not vitiate the assessment because no specific statutory requirement for such notice was applied to this type of proceeding, and section 292B gave the assessee no relief on the facts. Unexplained cash deposits in bank accounts were also treated as taxable under section 68 where the assessee failed to prove the identity, creditworthiness, genuineness, and source of the alleged lenders or deposits. Self-serving affidavits and unsupported claims of no regular books of account were held insufficient, and the additions were sustained. Case-Laws Income Tax Mon, 13 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380159