https://www.taxtmi.com/caselaws?id=754802 The Tribunal quashed the assessment order under section 153C of the Act, citing it was beyond the prescribed timeframe, and allowed the assessee's appeal. It also deleted the addition of Rs. 1,60,00,000 as unexplained money under section 69A, finding the addition arbitrary and unjustified. Furthermore, the Tribunal removed the levied interest amounts under sections 234A, 234B, and 234D, deeming them unsustainable. en-us Mon, 22 Jan 2024 00:00:00 +0530 Fri, 20 Feb 2026 17:21:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754802 The Tribunal quashed the assessment order under section 153C of the Act, citing it was beyond the prescribed timeframe, and allowed the assessee's appeal. It also deleted the addition of Rs. 1,60,00,000 as unexplained money under section 69A, finding the addition arbitrary and unjustified. Furthermore, the Tribunal removed the levied interest amounts under sections 234A, 234B, and 234D, deeming them unsustainable. Case-Laws Income Tax Mon, 22 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754802