https://www.taxtmi.com/caselaws?id=437263 The Tribunal upheld the jurisdiction of the Assessing Officer under Section 153A, finding the absence of bills and vouchers during the search constituted incriminating material. The addition of alleged bogus purchases was sustained, with the Tribunal agreeing that the assessee inflated purchase prices to suppress profits. The Tribunal also upheld the levy of interest under Sections 234A and 234B. Consequently, the Tribunal dismissed all appeals for the assessment years 2010-11, 2011-12, 2013-14, and 2014-15, affirming the CIT(A)'s decisions. en-us Mon, 01 May 2023 00:00:00 +0530 Mon, 01 May 2023 14:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=437263 The Tribunal upheld the jurisdiction of the Assessing Officer under Section 153A, finding the absence of bills and vouchers during the search constituted incriminating material. The addition of alleged bogus purchases was sustained, with the Tribunal agreeing that the assessee inflated purchase prices to suppress profits. The Tribunal also upheld the levy of interest under Sections 234A and 234B. Consequently, the Tribunal dismissed all appeals for the assessment years 2010-11, 2011-12, 2013-14, and 2014-15, affirming the CIT(A)'s decisions. Case-Laws Income Tax Mon, 01 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=437263