https://www.taxtmi.com/caselaws?id=411345 The Tribunal ruled in favor of the assessee, holding that the assessment order was invalid as it should have been framed under section 153C instead of 153A due to lack of proper satisfaction by the AO of the searched person. Various additions as unexplained expenditures were deleted for lack of sufficient evidence. The delay in filing cross objections was condoned, emphasizing substantial justice. Additions based on blackberry conversations and loose papers were deemed conjectural and deleted. Additionally, additions on undisclosed receipts were deleted for lack of reliable evidence. The revenue's appeals were dismissed, and the assessee's appeals were allowed. en-us Fri, 23 Jul 2021 00:00:00 +0530 Mon, 23 Aug 2021 12:12:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411345 The Tribunal ruled in favor of the assessee, holding that the assessment order was invalid as it should have been framed under section 153C instead of 153A due to lack of proper satisfaction by the AO of the searched person. Various additions as unexplained expenditures were deleted for lack of sufficient evidence. The delay in filing cross objections was condoned, emphasizing substantial justice. Additions based on blackberry conversations and loose papers were deemed conjectural and deleted. Additionally, additions on undisclosed receipts were deleted for lack of reliable evidence. The revenue's appeals were dismissed, and the assessee's appeals were allowed. Case-Laws Income Tax Fri, 23 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411345