https://www.taxtmi.com/caselaws?id=384704 The Tribunal allowed the appeal, holding that the assumption of jurisdiction under section 153C was incorrect as the bank certificate did not qualify as incriminating material. Additionally, the addition of Rs. 2,82,61,091 on account of alleged undisclosed income from a gift was deemed unjustified due to substantial evidence provided by the assessee, leading to the direction to delete the addition. en-us Mon, 19 Aug 2019 00:00:00 +0530 Tue, 09 Aug 2022 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384704 The Tribunal allowed the appeal, holding that the assumption of jurisdiction under section 153C was incorrect as the bank certificate did not qualify as incriminating material. Additionally, the addition of Rs. 2,82,61,091 on account of alleged undisclosed income from a gift was deemed unjustified due to substantial evidence provided by the assessee, leading to the direction to delete the addition. Case-Laws Income Tax Mon, 19 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384704