https://www.taxtmi.com/caselaws?id=782876 ITAT Chennai upheld the AO's assumption of jurisdiction u/s 153C, holding that a valid satisfaction note existed and that seized material and statements prima facie impacted the assessee's income; the assessee's jurisdictional objections were rejected. ITAT further confirmed rejection of books u/s 145 and estimation of profit at 10% of turnover for AYs 2020-21 to 2022-23. However, it sustained CIT(A)'s deletion of separate disallowances u/s 14A and on sales promotion expenses, holding that once income is estimated, further item-wise disallowances are impermissible. ITAT also affirmed CIT(A)'s allowance of deductions u/s 80G for donations to two registered entities, finding no credible evidence of bogus donations. en-us Mon, 01 Dec 2025 00:00:00 +0530 Fri, 05 Dec 2025 08:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782876 ITAT Chennai upheld the AO's assumption of jurisdiction u/s 153C, holding that a valid satisfaction note existed and that seized material and statements prima facie impacted the assessee's income; the assessee's jurisdictional objections were rejected. ITAT further confirmed rejection of books u/s 145 and estimation of profit at 10% of turnover for AYs 2020-21 to 2022-23. However, it sustained CIT(A)'s deletion of separate disallowances u/s 14A and on sales promotion expenses, holding that once income is estimated, further item-wise disallowances are impermissible. ITAT also affirmed CIT(A)'s allowance of deductions u/s 80G for donations to two registered entities, finding no credible evidence of bogus donations. Case-Laws Income Tax Mon, 01 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782876