https://www.taxtmi.com/caselaws?id=447116 Jurisdiction under section 153C was upheld because seized material was found to belong to the assessee and supported the additions. The addition for alleged interest on post-dated cheques was sustained on the basis of seized papers, signed vouchers and receipts showing cash interest and interest for extension. Disallowance under section 37(1) for additional payment was deleted because a mere alleged land-transaction infraction did not automatically attract the provision's Explanation. Disallowance under section 40A(3) was also deleted since the cash payment for land purchase was not claimed as an expenditure in the computation of income. en-us Wed, 11 Oct 2023 00:00:00 +0530 Tue, 19 Dec 2023 09:01:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447116 Jurisdiction under section 153C was upheld because seized material was found to belong to the assessee and supported the additions. The addition for alleged interest on post-dated cheques was sustained on the basis of seized papers, signed vouchers and receipts showing cash interest and interest for extension. Disallowance under section 37(1) for additional payment was deleted because a mere alleged land-transaction infraction did not automatically attract the provision's Explanation. Disallowance under section 40A(3) was also deleted since the cash payment for land purchase was not claimed as an expenditure in the computation of income. Case-Laws Income Tax Wed, 11 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447116