https://www.taxtmi.com/caselaws?id=298628 The Tribunal ruled that no additions could be made under Section 153A for completed assessments without incriminating evidence. It directed the deletion of additions on account of sale proceeds of shares and unexplained investments, and rejected fresh deduction claims in returns filed under Section 153A. The Tribunal also addressed issues of double taxation, unaccounted trading in polymers, unexplained investments in jewelry, and the telescoping of undisclosed income against various additions. It emphasized the importance of incriminating evidence, proper verification, and a scientific approach in determining undisclosed income. en-us Wed, 10 Feb 2016 00:00:00 +0530 Sat, 13 Nov 2021 20:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298628 The Tribunal ruled that no additions could be made under Section 153A for completed assessments without incriminating evidence. It directed the deletion of additions on account of sale proceeds of shares and unexplained investments, and rejected fresh deduction claims in returns filed under Section 153A. The Tribunal also addressed issues of double taxation, unaccounted trading in polymers, unexplained investments in jewelry, and the telescoping of undisclosed income against various additions. It emphasized the importance of incriminating evidence, proper verification, and a scientific approach in determining undisclosed income. Case-Laws Income Tax Wed, 10 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298628