Seized Documents Validate Tax Assessment, Uphold Cash Receipt Inclusion Under Section 153C and 69A

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....ITAT upheld the assessment order under section 153C, rejecting the assessee's challenge to the satisfaction note. The tribunal found the satisfaction note valid, as it correctly recorded the seized documents' relevance to the assessment year. The tribunal also confirmed the addition of unexplained cash receipt under section 69A, dismissing the assessee's contentions about the seized documents being inadmissible. The tribunal held that the seized document showing a cash receipt of Rs. 1,30,50,000 was genuine and taxable, despite the assessee's claims of deal cancellation and lack of corroborative evidence. Consequently, the appeal was dismissed, maintaining the original assessment order and additional tax liability.....