https://www.taxtmi.com/caselaws?id=418937 The Tribunal quashed assessment orders for AYs 2009-10, 2011-12, and 2012-13 due to jurisdictional defects. It ruled that assessments should have been made under section 144 instead of section 143(3) due to non-filing of returns. The Tribunal attributed income from seized diaries to group companies, not the individual assessee, leading to deletion of related additions. Unexplained investments and cash deposits were deleted for lack of evidence and non-confrontation. Similarly, additions related to share capital, share premium, and kick-backs were deleted as they pertained to group companies, not the assessee. Penalty proceedings and interest were not specifically addressed. en-us Mon, 21 Feb 2022 00:00:00 +0530 Sat, 26 Feb 2022 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418937 The Tribunal quashed assessment orders for AYs 2009-10, 2011-12, and 2012-13 due to jurisdictional defects. It ruled that assessments should have been made under section 144 instead of section 143(3) due to non-filing of returns. The Tribunal attributed income from seized diaries to group companies, not the individual assessee, leading to deletion of related additions. Unexplained investments and cash deposits were deleted for lack of evidence and non-confrontation. Similarly, additions related to share capital, share premium, and kick-backs were deleted as they pertained to group companies, not the assessee. Penalty proceedings and interest were not specifically addressed. Case-Laws Income Tax Mon, 21 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418937