https://www.taxtmi.com/caselaws?id=472432 Assessment proceedings substantially conforming to the Act remained valid despite an erroneous post-expiry reference to Sections 143(3A) and 143(3B), because notices, responses and a draft assessment order were present and Section 292B cured the defect. Stock held by separately recorded related concerns could not be attributed to the assessee, and reconciled stock at its premises could not be treated as excess where accepted books and stock records showed no defect; the resulting additions were deleted. Electricity consumption alone did not establish suppressed production or unexplained expenditure under Section 69C when audited records were unrejected and no corroborative evidence existed; that addition was also deleted. en-us Mon, 21 Apr 2025 00:00:00 +0530 Tue, 13 Oct 2026 04:47:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472432 Assessment proceedings substantially conforming to the Act remained valid despite an erroneous post-expiry reference to Sections 143(3A) and 143(3B), because notices, responses and a draft assessment order were present and Section 292B cured the defect. Stock held by separately recorded related concerns could not be attributed to the assessee, and reconciled stock at its premises could not be treated as excess where accepted books and stock records showed no defect; the resulting additions were deleted. Electricity consumption alone did not establish suppressed production or unexplained expenditure under Section 69C when audited records were unrejected and no corroborative evidence existed; that addition was also deleted. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472432