https://www.taxtmi.com/caselaws?id=448965 Loose sheets and diaries seized in search were treated as insufficient evidence by themselves, because unbound papers are not regular books of account and, without corroboration, cannot sustain additions or search-linked proceedings. The challenge to centralisation under the transfer power was not found to show a jurisdictional defect affecting the later notices. The notice under search-linked assessment was found invalid because the statutory preconditions were not met on the basis of uncorroborated seized material. The Revenue's challenge failed and the quashing of the impugned notices and connected proceedings was affirmed. en-us Mon, 22 Jan 2024 00:00:00 +0530 Tue, 28 Apr 2026 14:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448965 Loose sheets and diaries seized in search were treated as insufficient evidence by themselves, because unbound papers are not regular books of account and, without corroboration, cannot sustain additions or search-linked proceedings. The challenge to centralisation under the transfer power was not found to show a jurisdictional defect affecting the later notices. The notice under search-linked assessment was found invalid because the statutory preconditions were not met on the basis of uncorroborated seized material. The Revenue's challenge failed and the quashing of the impugned notices and connected proceedings was affirmed. Case-Laws Income Tax Mon, 22 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448965