https://www.taxtmi.com/caselaws?id=429097 The Tribunal upheld the validity of assessments under Section 153C/153A of the Income Tax Act, emphasizing the availability of incriminating material at the time of original assessment. Approval granted under Section 153D was deemed valid, as the competent authority considered the case file thoroughly. Regarding unexplained investment under Section 69B, the Tribunal directed the adoption of State PWD rates and allowed a 10% rebate. The addition for unexplained cash credit under Section 68 was deleted due to lack of opportunity for cross-examination. The Tribunal restricted the addition for unexplained money under Section 69A. The Tribunal emphasized proper valuation methods and upheld the treatment of corpus donations. en-us Mon, 10 Oct 2022 00:00:00 +0530 Mon, 17 Oct 2022 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429097 The Tribunal upheld the validity of assessments under Section 153C/153A of the Income Tax Act, emphasizing the availability of incriminating material at the time of original assessment. Approval granted under Section 153D was deemed valid, as the competent authority considered the case file thoroughly. Regarding unexplained investment under Section 69B, the Tribunal directed the adoption of State PWD rates and allowed a 10% rebate. The addition for unexplained cash credit under Section 68 was deleted due to lack of opportunity for cross-examination. The Tribunal restricted the addition for unexplained money under Section 69A. The Tribunal emphasized proper valuation methods and upheld the treatment of corpus donations. Case-Laws Income Tax Mon, 10 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429097