https://www.taxtmi.com/caselaws?id=425245 HC held reopening under s.147 and assessment under s.153C was improper for patent non-application of mind, as no s.153C proceedings were initiated and AO failed to record satisfaction on escapement of income. Additions under s.69B as unexplained investment were unjustified where entries relied on a seized diary whose author was deceased and similar entries were not used against the primary person; admissions and s.133A statements were not conclusive. ITAT's reversal of CIT(A) was unsustainable. Decision: matters answered in favour of the assessee and against the Revenue. en-us Fri, 08 Jul 2022 00:00:00 +0530 Mon, 08 Sep 2025 10:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425245 HC held reopening under s.147 and assessment under s.153C was improper for patent non-application of mind, as no s.153C proceedings were initiated and AO failed to record satisfaction on escapement of income. Additions under s.69B as unexplained investment were unjustified where entries relied on a seized diary whose author was deceased and similar entries were not used against the primary person; admissions and s.133A statements were not conclusive. ITAT's reversal of CIT(A) was unsustainable. Decision: matters answered in favour of the assessee and against the Revenue. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425245