https://www.taxtmi.com/caselaws?id=439147 The Tribunal upheld the validity of the notice issued under section 153A of the Income Tax Act, dismissing the challenge raised by the assessee. Additionally, the Tribunal deleted the additions of Rs. 23,95,024/- as non-genuine long-term capital gain and Rs. 1,43,701/- as unexplained expenditure in the assessee's hands, directing these amounts to be attributed to Mr. Kishan Khaderia instead. Furthermore, the Tribunal confirmed the deletion of Rs. 10,71,00,000/- added for AY 2015-16, ruling that this sum should be accounted for in Mr. Kishan Khaderia's hands, leading to the dismissal of the AO's appeal. en-us Mon, 01 May 2023 00:00:00 +0530 Fri, 16 Jun 2023 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439147 The Tribunal upheld the validity of the notice issued under section 153A of the Income Tax Act, dismissing the challenge raised by the assessee. Additionally, the Tribunal deleted the additions of Rs. 23,95,024/- as non-genuine long-term capital gain and Rs. 1,43,701/- as unexplained expenditure in the assessee's hands, directing these amounts to be attributed to Mr. Kishan Khaderia instead. Furthermore, the Tribunal confirmed the deletion of Rs. 10,71,00,000/- added for AY 2015-16, ruling that this sum should be accounted for in Mr. Kishan Khaderia's hands, leading to the dismissal of the AO's appeal. Case-Laws Income Tax Mon, 01 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439147