https://www.taxtmi.com/caselaws?id=403191 In an abated search assessment under section 153A, the Assessing Officer must complete the year's assessment afresh, and the absence of incriminating material did not invalidate the additions made in that exercise. Disallowance of personal expenses was deleted where supporting business details were furnished and not controverted. Interest under sections 234A, 234B, 234C and 234D was upheld because the return was filed beyond the permitted time. Under section 40A(3), cash freight payments were sustained, while depreciation on assets acquired in cash, cash salary, Diwali expenses, and advance labour payments were allowed. Additional depreciation was allowed on capitalised pre-operative expenses, and section 40(a)(ia) disallowance was sustained for complete non-deduction of TDS but deleted for short deduction. en-us Tue, 19 Jan 2021 00:00:00 +0530 Thu, 21 Jan 2021 09:55:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403191 In an abated search assessment under section 153A, the Assessing Officer must complete the year's assessment afresh, and the absence of incriminating material did not invalidate the additions made in that exercise. Disallowance of personal expenses was deleted where supporting business details were furnished and not controverted. Interest under sections 234A, 234B, 234C and 234D was upheld because the return was filed beyond the permitted time. Under section 40A(3), cash freight payments were sustained, while depreciation on assets acquired in cash, cash salary, Diwali expenses, and advance labour payments were allowed. Additional depreciation was allowed on capitalised pre-operative expenses, and section 40(a)(ia) disallowance was sustained for complete non-deduction of TDS but deleted for short deduction. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403191