https://www.taxtmi.com/caselaws?id=313587 ITAT Delhi upheld validity of assessment proceedings under section 153C, ruling that AO need record only one satisfaction note when same officer handles both searched person and other person cases. However, tribunal deleted addition under section 69 based on unsigned, undated loose papers found during search, holding such "dumb documents" without corroborative evidence cannot support additions. The papers lacked identification of author, contained incorrect figures, and had no substantive enquiry or cross-examination opportunity. Ground regarding audit objection and section 154 order was dismissed as not emanating from impugned CIT(A) order under challenge. en-us Wed, 13 Dec 2023 00:00:00 +0530 Mon, 22 Apr 2024 20:41:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313587 ITAT Delhi upheld validity of assessment proceedings under section 153C, ruling that AO need record only one satisfaction note when same officer handles both searched person and other person cases. However, tribunal deleted addition under section 69 based on unsigned, undated loose papers found during search, holding such "dumb documents" without corroborative evidence cannot support additions. The papers lacked identification of author, contained incorrect figures, and had no substantive enquiry or cross-examination opportunity. Ground regarding audit objection and section 154 order was dismissed as not emanating from impugned CIT(A) order under challenge. Case-Laws Income Tax Wed, 13 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313587