https://www.taxtmi.com/caselaws?id=281822 The Tribunal held that the reassessment under Section 153A was invalid as no incriminating material was found during the search. Additions based on statements without cross-examination were deemed a violation of natural justice. The Tribunal deleted additions under Section 68 for unsecured loans, upheld depreciation on the guest house building, and higher depreciation on UPS. It allowed foreign travel expenses, professional service charges, non-recoverable electricity charges, and telephone/mobile phone charges. The decisions emphasized procedural fairness and the need for substantive evidence in income tax assessments. en-us Tue, 29 Jan 2019 00:00:00 +0530 Mon, 08 Jul 2019 06:39:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=281822 The Tribunal held that the reassessment under Section 153A was invalid as no incriminating material was found during the search. Additions based on statements without cross-examination were deemed a violation of natural justice. The Tribunal deleted additions under Section 68 for unsecured loans, upheld depreciation on the guest house building, and higher depreciation on UPS. It allowed foreign travel expenses, professional service charges, non-recoverable electricity charges, and telephone/mobile phone charges. The decisions emphasized procedural fairness and the need for substantive evidence in income tax assessments. Case-Laws Income Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=281822