https://www.taxtmi.com/caselaws?id=405147 The tribunal affirmed the jurisdiction and validity of assessment orders under Section 153A of the Income Tax Act for the assessment years 2005-06 and 2009-10, dismissing the challenges raised by the assessee. Regarding the disallowance of expenses for the assessment year 2005-06, the tribunal remitted the matter back to the Assessing Officer for further consideration due to insufficient evidence provided by the assessee. For the addition based on seized material for the assessment year 2009-10, the tribunal also remitted the matter back to the AO for detailed verification and reconciliation of discrepancies. Both appeals were allowed for statistical purposes, emphasizing the importance of proper verification and adherence to natural justice principles. en-us Tue, 09 Mar 2021 00:00:00 +0530 Fri, 12 Mar 2021 08:38:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405147 The tribunal affirmed the jurisdiction and validity of assessment orders under Section 153A of the Income Tax Act for the assessment years 2005-06 and 2009-10, dismissing the challenges raised by the assessee. Regarding the disallowance of expenses for the assessment year 2005-06, the tribunal remitted the matter back to the Assessing Officer for further consideration due to insufficient evidence provided by the assessee. For the addition based on seized material for the assessment year 2009-10, the tribunal also remitted the matter back to the AO for detailed verification and reconciliation of discrepancies. Both appeals were allowed for statistical purposes, emphasizing the importance of proper verification and adherence to natural justice principles. Case-Laws Income Tax Tue, 09 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405147