Held that no notice u\/s. 143(2) was issued after filing of return. Assessment was not invalid.\u00a0 Commissioner being supervisory authority, can issue administrative direction to Assessing Officer.\u00a0 Addition can be made only in the year in which the investment was made\u00a0 as unexplained investment.\u00a0 Assessing\u00a0 Officer cannot make the addition in the year of his choice.\u00a0 Swiss Bank-Base sheet-Authenticity of information not established as regards account in Swiss Bank and base sheet.\u00a0 Addition as unexplained investment and addition on deposit is held to be not sustainable.\u00a0 Completed assessment, no addition can be made in the absence of incriminating material found in the course of search.\u00a0\u00a0 Merely on the basis of statement u\/s 132(4), addition cannot be made.\u00a0 Marriage expenses\u00a0 are withdrawal from bank.\u00a0 Deletion of addition is held to be justified.\u00a0 (AY. 2006-07, 2007-08, 2009-10 to 2012-13)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 153A : Assessment-Search or requisition-No notice u\/s. 143(2) was issued after filing of return-Assessment was not invalid-Commissioner being supervisory authority, can issue administrative direction to Assessing Officer-Un explained investment-Addition can be made only in the year in which the investment was made-Assessing Officer cannot make the addition in the year of his choice-Swiss Bank-Base sheet-Authenticity of information not established-Addition as unexplained investment and addition on deposit is held to be not sustainable-Completed assessment-No addition can be made in the absence of incriminating material found in the course of search-Merely on the basis of statement u\/s 132(4), addition cannot be made-Marriage expenses-Withdrawal from bank-Deletion of addition is held to be justified. [S. 69, 132, 143(2), 153D] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-26027","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-6LN","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26027","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=26027"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26027\/revisions"}],"predecessor-version":[{"id":26028,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/26027\/revisions\/26028"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=26027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=26027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=26027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}