https://www.taxtmi.com/caselaws?id=402501 The Tribunal held that in non-abated assessments, additions cannot be made under section 153A without incriminating material. Regarding long-term capital gains, the Tribunal found the additions unsupported by specific evidence and deleted them. The addition of commission on capital gains was also deleted since the gains were not treated as undisclosed income. The Tribunal deleted additions under section 68 of loans as the assessees provided adequate evidence of genuineness, including repayment. Disallowance of interest on loans was also deleted as the loans were deemed genuine. The unanimous decision was posted on the notice board on 31.12.2020. en-us Thu, 31 Dec 2020 00:00:00 +0530 Mon, 04 Jan 2021 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402501 The Tribunal held that in non-abated assessments, additions cannot be made under section 153A without incriminating material. Regarding long-term capital gains, the Tribunal found the additions unsupported by specific evidence and deleted them. The addition of commission on capital gains was also deleted since the gains were not treated as undisclosed income. The Tribunal deleted additions under section 68 of loans as the assessees provided adequate evidence of genuineness, including repayment. Disallowance of interest on loans was also deleted as the loans were deemed genuine. The unanimous decision was posted on the notice board on 31.12.2020. Case-Laws Income Tax Thu, 31 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402501