https://www.taxtmi.com/caselaws?id=436660 The Tribunal upheld the Assessing Officer's jurisdiction under Section 153C of the Income Tax Act, determining that the registered sale deed recovered during a search operation pertained to the assessee, contradicting the assessee's claims. The Tribunal also dismissed the assessee's claim for indexation on the cost of improvement due to lack of concrete evidence supporting the alleged improvements. Consequently, the Tribunal dismissed both appeals and stay applications filed by the assessee in a decision pronounced on 23rd March 2023. en-us Thu, 23 Mar 2023 00:00:00 +0530 Tue, 18 Apr 2023 08:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436660 The Tribunal upheld the Assessing Officer's jurisdiction under Section 153C of the Income Tax Act, determining that the registered sale deed recovered during a search operation pertained to the assessee, contradicting the assessee's claims. The Tribunal also dismissed the assessee's claim for indexation on the cost of improvement due to lack of concrete evidence supporting the alleged improvements. Consequently, the Tribunal dismissed both appeals and stay applications filed by the assessee in a decision pronounced on 23rd March 2023. Case-Laws Income Tax Thu, 23 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436660