https://www.taxtmi.com/caselaws?id=391421 The Appellate Tribunal ITAT Chandigarh ruled in favor of the assessee on all three issues presented. The Tribunal accepted detailed explanations and supporting documents provided by the counsel, ultimately concluding that the addition of Rs. 1,00,000 as an advance against the sale of a shop and the treatment of excess jewellery as undisclosed income were not justified. Additionally, the Tribunal held that the assessment under section 153A for the assessment year 2007-08 was invalid, ordering the deletion of consequent additions made in the assessment. en-us Wed, 22 Jan 2020 00:00:00 +0530 Mon, 27 Jan 2020 07:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391421 The Appellate Tribunal ITAT Chandigarh ruled in favor of the assessee on all three issues presented. The Tribunal accepted detailed explanations and supporting documents provided by the counsel, ultimately concluding that the addition of Rs. 1,00,000 as an advance against the sale of a shop and the treatment of excess jewellery as undisclosed income were not justified. Additionally, the Tribunal held that the assessment under section 153A for the assessment year 2007-08 was invalid, ordering the deletion of consequent additions made in the assessment. Case-Laws Income Tax Wed, 22 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391421