https://www.taxtmi.com/caselaws?id=418557 Section 153C jurisdiction requires seized material specifically belonging to or pertaining to the assessee and having a live nexus with the relevant year; general group-level references and unlinked statements are insufficient, so the assessment was held invalid. Additions for undisclosed car parking receipts and on-money on flat sales could not stand where the material was not shown to be assessee-specific and the electronic evidence did not satisfy the required evidentiary standard, so those additions were deleted. The disallowance of set-off of brought forward losses under section 79 depended on unresolved shareholding facts, so the issue was remanded for fresh examination. en-us Wed, 09 Feb 2022 00:00:00 +0530 Sat, 19 Feb 2022 07:03:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418557 Section 153C jurisdiction requires seized material specifically belonging to or pertaining to the assessee and having a live nexus with the relevant year; general group-level references and unlinked statements are insufficient, so the assessment was held invalid. Additions for undisclosed car parking receipts and on-money on flat sales could not stand where the material was not shown to be assessee-specific and the electronic evidence did not satisfy the required evidentiary standard, so those additions were deleted. The disallowance of set-off of brought forward losses under section 79 depended on unresolved shareholding facts, so the issue was remanded for fresh examination. Case-Laws Income Tax Wed, 09 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418557