https://www.taxtmi.com/caselaws?id=397808 A wrong mention of section 153A/143(3) instead of section 143(3) does not by itself invalidate an assessment where the Assessing Officer otherwise has jurisdiction and the assessee has participated in proceedings under sections 143(2) and 142(1); the noted restraint order also supported the existence of search authorisation. An addition for unexplained investment in jewellery under section 69B requires a proper statutory foundation of excess investment over recorded books or other reliable material, and that basis was absent where the jewellery was not specifically linked to the assessee and her explanation was supported by affidavit. Relief was thus confined to 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 A wrong mention of section 153A/143(3) instead of section 143(3) does not by itself invalidate an assessment where the Assessing Officer otherwise has jurisdiction and the assessee has participated in proceedings under sections 143(2) and 142(1); the noted restraint order also supported the existence of search authorisation. An addition for unexplained investment in jewellery under section 69B requires a proper statutory foundation of excess investment over recorded books or other reliable material, and that basis was absent where the jewellery was not specifically linked to the assessee and her explanation was supported by affidavit. Relief was thus confined to the jewellery addition. Case-Laws Income Tax Tue, 30 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397808