https://www.taxtmi.com/caselaws?id=461086 The ITAT Mumbai dismissed most additions made under section 153A assessment due to absence of incriminating material during search. The tribunal held that unsecured loans under section 68, unverified labor expenses, and purchase disallowances were not justified without incriminating evidence found during search proceedings. However, regarding employee PF/ESI contributions deposited after due dates, the tribunal reversed CIT(A)'s deletion and sustained the AO's disallowance, following Supreme Court precedent that late deposits are not eligible for deduction under section 36(1)(va). en-us Wed, 31 May 2023 00:00:00 +0530 Tue, 11 Mar 2025 09:53:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461086 The ITAT Mumbai dismissed most additions made under section 153A assessment due to absence of incriminating material during search. The tribunal held that unsecured loans under section 68, unverified labor expenses, and purchase disallowances were not justified without incriminating evidence found during search proceedings. However, regarding employee PF/ESI contributions deposited after due dates, the tribunal reversed CIT(A)'s deletion and sustained the AO's disallowance, following Supreme Court precedent that late deposits are not eligible for deduction under section 36(1)(va). Case-Laws Income Tax Wed, 31 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461086