https://www.taxtmi.com/caselaws?id=282693 The Tribunal upheld the validity of proceedings initiated under section 153C based on seized material and the Assessing Officer's satisfaction. However, it found the Commissioner of Income Tax (Appeals) did not follow procedural requirements in admitting additional evidence under Rule 46A, remanding the matter for fresh examination. The Tribunal directed the Assessing Officer to re-examine the alleged gift of shares as undisclosed income, considering the documents provided by the assessee, and decide the issue after providing a reasonable opportunity for the assessee to be heard. en-us Fri, 14 Dec 2012 00:00:00 +0530 Tue, 20 Aug 2019 11:15:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282693 The Tribunal upheld the validity of proceedings initiated under section 153C based on seized material and the Assessing Officer's satisfaction. However, it found the Commissioner of Income Tax (Appeals) did not follow procedural requirements in admitting additional evidence under Rule 46A, remanding the matter for fresh examination. The Tribunal directed the Assessing Officer to re-examine the alleged gift of shares as undisclosed income, considering the documents provided by the assessee, and decide the issue after providing a reasonable opportunity for the assessee to be heard. Case-Laws Income Tax Fri, 14 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282693