https://www.taxtmi.com/caselaws?id=242974 In a search assessment, additions based on loose sheets and seized documents were sustained because Section 132(4A) creates a rebuttable presumption as to the truth of materials found in the search, and Section 34 of the Evidence Act does not override that statutory regime. The assessee failed to rebut the presumption to the authorities' satisfaction, so the search-based additions were upheld. On the unexplained payment item, remand for fresh factual verification was justified because the alleged payment had not been properly cross-verified or confronted before addition, and the appellate direction for remand was maintained. en-us Thu, 16 Jan 2014 00:00:00 +0530 Fri, 24 Jan 2014 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242974 In a search assessment, additions based on loose sheets and seized documents were sustained because Section 132(4A) creates a rebuttable presumption as to the truth of materials found in the search, and Section 34 of the Evidence Act does not override that statutory regime. The assessee failed to rebut the presumption to the authorities' satisfaction, so the search-based additions were upheld. On the unexplained payment item, remand for fresh factual verification was justified because the alleged payment had not been properly cross-verified or confronted before addition, and the appellate direction for remand was maintained. Case-Laws Income Tax Thu, 16 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242974