https://www.taxtmi.com/caselaws?id=395551 An additional ground challenging section 153A assessment was admitted because it went to the root of the matter and no fresh factual inquiry was needed; the assessee's belated filing was justified by receipt of the search warrant. The plea that the assessments were invalid for want of a valid search also failed, as the record showed a search under section 132 and incriminating material from that search, and the accompanying survey proceedings did not negate section 153A jurisdiction. On the income issue, unaccounted cash receipts from shop sales were taxable, but the Tribunal held that corresponding construction cost embedded in work in progress had to be given credit and the undisclosed income re-quantified. en-us Tue, 19 May 2020 00:00:00 +0530 Tue, 26 May 2020 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395551 An additional ground challenging section 153A assessment was admitted because it went to the root of the matter and no fresh factual inquiry was needed; the assessee's belated filing was justified by receipt of the search warrant. The plea that the assessments were invalid for want of a valid search also failed, as the record showed a search under section 132 and incriminating material from that search, and the accompanying survey proceedings did not negate section 153A jurisdiction. On the income issue, unaccounted cash receipts from shop sales were taxable, but the Tribunal held that corresponding construction cost embedded in work in progress had to be given credit and the undisclosed income re-quantified. Case-Laws Income Tax Tue, 19 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395551