https://www.taxtmi.com/caselaws?id=283164 The Assessing Officer's jurisdiction under section 153A was upheld for certain assessment years based on material found during the search. However, for other years, additions made without seized material were deemed unjustified. The non-issuance of notice under section 143(2) within the statutory time limit rendered assessment orders void. Deductions under section 80P were upheld for a cooperative society engaged in banking. Disallowance of interest expenditure under section 14A was deemed unjustified. The Tribunal ruled against additions based solely on loose papers and unexplained investments without corroborating evidence. The Commissioner of Income-tax (Appeals) was restricted from enhancing assessments beyond the original findings. en-us Mon, 19 Jun 2017 00:00:00 +0530 Wed, 11 Sep 2019 07:38:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283164 The Assessing Officer's jurisdiction under section 153A was upheld for certain assessment years based on material found during the search. However, for other years, additions made without seized material were deemed unjustified. The non-issuance of notice under section 143(2) within the statutory time limit rendered assessment orders void. Deductions under section 80P were upheld for a cooperative society engaged in banking. Disallowance of interest expenditure under section 14A was deemed unjustified. The Tribunal ruled against additions based solely on loose papers and unexplained investments without corroborating evidence. The Commissioner of Income-tax (Appeals) was restricted from enhancing assessments beyond the original findings. Case-Laws Income Tax Mon, 19 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283164