https://www.taxtmi.com/caselaws?id=304737 The tribunal upheld the jurisdiction of the Assessing Officer to issue notice under section 153A, citing relevant case law. It also validated the assessment order without notice under section 143(2) based on the Delhi High Court's ruling. The addition based on incriminating material found during the search was upheld, following the judgment of the Allahabad High Court. However, the tribunal deleted the addition of borrowed sums under section 68 and additions on account of low household withdrawals. Additionally, the tribunal partially upheld the additions based on loose papers and cash payments, directing further verification by the AO. The Revenue's appeal against the deletions by CIT(A) was dismissed, emphasizing factual accuracy and legal precedents. en-us Fri, 20 Nov 2015 00:00:00 +0530 Tue, 18 Oct 2022 21:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304737 The tribunal upheld the jurisdiction of the Assessing Officer to issue notice under section 153A, citing relevant case law. It also validated the assessment order without notice under section 143(2) based on the Delhi High Court's ruling. The addition based on incriminating material found during the search was upheld, following the judgment of the Allahabad High Court. However, the tribunal deleted the addition of borrowed sums under section 68 and additions on account of low household withdrawals. Additionally, the tribunal partially upheld the additions based on loose papers and cash payments, directing further verification by the AO. The Revenue's appeal against the deletions by CIT(A) was dismissed, emphasizing factual accuracy and legal precedents. Case-Laws Income Tax Fri, 20 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304737