https://www.taxtmi.com/caselaws?id=390303 In completed assessments under section 153A, disallowance of a section 80IA claim cannot stand without incriminating material found during search, so the deduction was deleted for that year. Loose sheets and soft data could not support additions as unexplained expenditure or unexplained money in the assessee's hands because the section 292C presumption applies only to the person from whose possession the material is found, so those additions were deleted. Electronic filing of Form 10CCB was treated as mandatory for the relevant year, so the section 80IA disallowance was sustained for non-compliance. Gold jewellery was accepted as explained within family credit limits under CBDT Instruction No. 1916, while silver articles remained partly unexplained; interest under sections 234A, 234B and 234C was upheld subject to correct computation. en-us Wed, 11 Dec 2019 00:00:00 +0530 Sun, 29 Dec 2019 08:46:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390303 In completed assessments under section 153A, disallowance of a section 80IA claim cannot stand without incriminating material found during search, so the deduction was deleted for that year. Loose sheets and soft data could not support additions as unexplained expenditure or unexplained money in the assessee's hands because the section 292C presumption applies only to the person from whose possession the material is found, so those additions were deleted. Electronic filing of Form 10CCB was treated as mandatory for the relevant year, so the section 80IA disallowance was sustained for non-compliance. Gold jewellery was accepted as explained within family credit limits under CBDT Instruction No. 1916, while silver articles remained partly unexplained; interest under sections 234A, 234B and 234C was upheld subject to correct computation. Case-Laws Income Tax Wed, 11 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390303