https://www.taxtmi.com/caselaws?id=382391 ITAT Mumbai held that the challenge to initiation under section 153C failed where the satisfaction note was available on the assessment record and was not controverted. It further held that additions under section 41(1) could not be sustained in a section 153C assessment when they merely repeated the original assessment and were unsupported by incriminating material found in the search, and deleted them. The Tribunal also deleted the section 40A(2)(b) interest disallowance because the same claim had already been rejected in prior proceedings and no search material supported the addition. en-us Fri, 28 Jun 2019 00:00:00 +0530 Mon, 01 Jul 2019 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382391 ITAT Mumbai held that the challenge to initiation under section 153C failed where the satisfaction note was available on the assessment record and was not controverted. It further held that additions under section 41(1) could not be sustained in a section 153C assessment when they merely repeated the original assessment and were unsupported by incriminating material found in the search, and deleted them. The Tribunal also deleted the section 40A(2)(b) interest disallowance because the same claim had already been rejected in prior proceedings and no search material supported the addition. Case-Laws Income Tax Fri, 28 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382391