https://www.taxtmi.com/caselaws?id=425654 The Tribunal dismissed the challenge to jurisdiction under Section 153A of the Income-tax Act due to a retrospective amendment. It deleted the addition of unproved debts, upheld the deletion of a portion of disputed amounts, and removed an addition related to unproved loans. Various additions related to the sale of lands and nomination fees were also addressed, with some deletions based on lack of evidence or incomplete transactions. The Tribunal upheld the deletion of additions made on a protective basis, emphasizing the need for proper evidence and accounting practices in determining taxable income. en-us Mon, 18 Jul 2022 00:00:00 +0530 Thu, 28 Jul 2022 09:12:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425654 The Tribunal dismissed the challenge to jurisdiction under Section 153A of the Income-tax Act due to a retrospective amendment. It deleted the addition of unproved debts, upheld the deletion of a portion of disputed amounts, and removed an addition related to unproved loans. Various additions related to the sale of lands and nomination fees were also addressed, with some deletions based on lack of evidence or incomplete transactions. The Tribunal upheld the deletion of additions made on a protective basis, emphasizing the need for proper evidence and accounting practices in determining taxable income. Case-Laws Income Tax Mon, 18 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425654