https://www.taxtmi.com/caselaws?id=393548 In an assessment under s.153A concerning alleged undisclosed cash transactions, the dominant issue was whether the Revenue had produced cogent material establishing liability. The HC held that the assessment lacked evidentiary foundation because the AO failed to undertake further inquiry or investigation on third-party information and made no effort to gather or corroborate supporting evidence, a finding affirmed on examination of the assessment record by the appellate authority. Consequently, no substantial question of law arose, and the Revenue's appeal was dismissed. en-us Wed, 11 Mar 2020 00:00:00 +0530 Tue, 30 Dec 2025 10:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393548 In an assessment under s.153A concerning alleged undisclosed cash transactions, the dominant issue was whether the Revenue had produced cogent material establishing liability. The HC held that the assessment lacked evidentiary foundation because the AO failed to undertake further inquiry or investigation on third-party information and made no effort to gather or corroborate supporting evidence, a finding affirmed on examination of the assessment record by the appellate authority. Consequently, no substantial question of law arose, and the Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393548