https://www.taxtmi.com/caselaws?id=403414 A pure legal ground challenging the validity of an assessment under section 153A may be raised in cross objection even if it was not argued before the first appellate authority, because appellate powers are wide enough to admit such jurisdictional objections. In a completed search assessment, an addition cannot be sustained unless it is founded on incriminating material found during the search; where the addition of share application money under section 68 was made only from balance-sheet verification and not from search evidence, it was held unsustainable and deleted. The revenue challenge therefore failed on the merits. en-us Wed, 27 Jan 2021 00:00:00 +0530 Thu, 28 Jan 2021 11:10:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403414 A pure legal ground challenging the validity of an assessment under section 153A may be raised in cross objection even if it was not argued before the first appellate authority, because appellate powers are wide enough to admit such jurisdictional objections. In a completed search assessment, an addition cannot be sustained unless it is founded on incriminating material found during the search; where the addition of share application money under section 68 was made only from balance-sheet verification and not from search evidence, it was held unsustainable and deleted. The revenue challenge therefore failed on the merits. Case-Laws Income Tax Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403414