https://www.taxtmi.com/caselaws?id=425290 The tribunal rejected the legal grounds urged by the assessee regarding the validity of proceedings initiated under Section 153A. It directed the Assessing Officer to accept 70% of the declared agricultural income for the years under consideration. Various additions of unexplained investments, cash credits, sundry creditors, and loans were remanded for fresh examination or verification. The appeal filed by Smt. Lata Sanap was partly allowed, while the appeal by Shri Nilesh Sanap for AY 2004-05 was dismissed, and the appeal for AY 2007-08 was allowed. en-us Tue, 21 Jun 2022 00:00:00 +0530 Wed, 20 Jul 2022 09:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425290 The tribunal rejected the legal grounds urged by the assessee regarding the validity of proceedings initiated under Section 153A. It directed the Assessing Officer to accept 70% of the declared agricultural income for the years under consideration. Various additions of unexplained investments, cash credits, sundry creditors, and loans were remanded for fresh examination or verification. The appeal filed by Smt. Lata Sanap was partly allowed, while the appeal by Shri Nilesh Sanap for AY 2004-05 was dismissed, and the appeal for AY 2007-08 was allowed. Case-Laws Income Tax Tue, 21 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425290