https://www.taxtmi.com/caselaws?id=397808 An incorrect reference to section 153A/143(3) does not invalidate an assessment where notices under sections 143(2) and 142(1) were issued, the assessee participated, and the Assessing Officer otherwise had jurisdiction. A restraint order over bank lockers may support the existence of search authorisation. Addition for unexplained jewellery investment under section 69B requires a reliable basis that investment exceeded recorded amounts. Where no books were maintained, jewellery was not specifically linked to the assessee, and the marriage-gift explanation required verification, adding the entire jewellery value was unsustainable. Relief was confined to deletion of the jewellery addition. en-us Tue, 30 Jun 2020 00:00:00 +0530 Tue, 05 Nov 2024 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397808 An incorrect reference to section 153A/143(3) does not invalidate an assessment where notices under sections 143(2) and 142(1) were issued, the assessee participated, and the Assessing Officer otherwise had jurisdiction. A restraint order over bank lockers may support the existence of search authorisation. Addition for unexplained jewellery investment under section 69B requires a reliable basis that investment exceeded recorded amounts. Where no books were maintained, jewellery was not specifically linked to the assessee, and the marriage-gift explanation required verification, adding the entire jewellery value was unsustainable. Relief was confined to deletion of the jewellery addition. Case-Laws Income Tax Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397808