https://www.taxtmi.com/caselaws?id=291554 The Tribunal upheld jurisdiction under section 153A for framing assessments based on incriminating material seized during a search, dismissing the challenge by the company. Regarding disallowance of sales promotion expenses, the Tribunal allowed the assessee to produce evidence supporting the expenses, directing re-examination by the Assessing Officer and allowing only a partial disallowance of unsupported cash expenditure. Concerning interest levies under sections 234A and 234B, the Tribunal clarified the applicable periods and conditions for interest charges. The appeals were partly allowed for statistical purposes, emphasizing adherence to legal procedures and principles in tax assessments. en-us Fri, 27 May 2016 00:00:00 +0530 Tue, 17 Nov 2020 16:04:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291554 The Tribunal upheld jurisdiction under section 153A for framing assessments based on incriminating material seized during a search, dismissing the challenge by the company. Regarding disallowance of sales promotion expenses, the Tribunal allowed the assessee to produce evidence supporting the expenses, directing re-examination by the Assessing Officer and allowing only a partial disallowance of unsupported cash expenditure. Concerning interest levies under sections 234A and 234B, the Tribunal clarified the applicable periods and conditions for interest charges. The appeals were partly allowed for statistical purposes, emphasizing adherence to legal procedures and principles in tax assessments. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291554