https://www.taxtmi.com/caselaws?id=446585 In search assessments, additions under section 153A must be supported by incriminating material and a proper date-wise cash flow, so year-wise recomputation is required rather than mechanical carry-forward of balances. Claims that land sale proceeds or agricultural income belonged to the assessee must be proved by credible contemporaneous evidence; receipts linked to the wife's land were accepted, but the brother-related claim was rejected and agricultural income was to be estimated on accepted cultivation norms. Transfer of land with a building/shed was treated on the proved character of the asset, not as pure agricultural land. Seized agreements and corroborating conduct sustained the valuation of Pala land and unexplained investment, while cardamom, latex and scrap receipts were taxable or adjusted according to proof and written down value. en-us Fri, 29 Sep 2023 00:00:00 +0530 Thu, 07 Dec 2023 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446585 In search assessments, additions under section 153A must be supported by incriminating material and a proper date-wise cash flow, so year-wise recomputation is required rather than mechanical carry-forward of balances. Claims that land sale proceeds or agricultural income belonged to the assessee must be proved by credible contemporaneous evidence; receipts linked to the wife's land were accepted, but the brother-related claim was rejected and agricultural income was to be estimated on accepted cultivation norms. Transfer of land with a building/shed was treated on the proved character of the asset, not as pure agricultural land. Seized agreements and corroborating conduct sustained the valuation of Pala land and unexplained investment, while cardamom, latex and scrap receipts were taxable or adjusted according to proof and written down value. Case-Laws Income Tax Fri, 29 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446585