https://www.taxtmi.com/caselaws?id=393400 The Tribunal upheld the assessment order under Section 143(3) read with Section 153A of the Income Tax Act, 1961, dismissing the appellant's argument that no incriminating material was found during the search. The addition of Rs. 1,11,35,190/- for education expenses was deemed personal and not allowable as business expenditure under Section 37(1). The appeal was dismissed entirely, confirming the assessment order and disallowance of education expenses. The Tribunal found no fault in the decisions of the lower authorities. en-us Wed, 11 Mar 2020 00:00:00 +0530 Sat, 14 Mar 2020 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393400 The Tribunal upheld the assessment order under Section 143(3) read with Section 153A of the Income Tax Act, 1961, dismissing the appellant's argument that no incriminating material was found during the search. The addition of Rs. 1,11,35,190/- for education expenses was deemed personal and not allowable as business expenditure under Section 37(1). The appeal was dismissed entirely, confirming the assessment order and disallowance of education expenses. The Tribunal found no fault in the decisions of the lower authorities. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393400