https://www.taxtmi.com/caselaws?id=196213 Completed assessments under section 153A cannot be disturbed in the absence of incriminating material found during search, so additions for the completed year were not sustainable. Amounts received through banking channels from the assessee's father were not taxable as unexplained income once the donor's identity, the genuineness of the transaction, and the immediate source were established; the assessee was not required to prove the source of the source. Jewellery found during search was also not liable to addition as unexplained where reconciliation, supported by records and valuation material, showed that declared jewellery exceeded the jewellery found and the Revenue did not rebut it. en-us Fri, 18 Dec 2015 00:00:00 +0530 Wed, 22 Nov 2017 08:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196213 Completed assessments under section 153A cannot be disturbed in the absence of incriminating material found during search, so additions for the completed year were not sustainable. Amounts received through banking channels from the assessee's father were not taxable as unexplained income once the donor's identity, the genuineness of the transaction, and the immediate source were established; the assessee was not required to prove the source of the source. Jewellery found during search was also not liable to addition as unexplained where reconciliation, supported by records and valuation material, showed that declared jewellery exceeded the jewellery found and the Revenue did not rebut it. Case-Laws Income Tax Fri, 18 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196213