https://www.taxtmi.com/caselaws?id=753355 Search-based additions under the Income-tax Act require incriminating material with a live nexus to the assessee and the relevant year; a statement recorded during search, by itself, cannot justify an addition without corroboration. For proceedings under section 153C, the assessment is not sustainable where no incriminating material exists, the satisfaction note is mechanical and fails to link seized material to the assessee, and cross-examination of the statement maker is denied. Such jurisdictional and natural justice defects are not cured by section 292B, so the additions and assessment are liable to be set aside. en-us Wed, 29 May 2024 00:00:00 +0530 Tue, 07 Apr 2026 12:49:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753355 Search-based additions under the Income-tax Act require incriminating material with a live nexus to the assessee and the relevant year; a statement recorded during search, by itself, cannot justify an addition without corroboration. For proceedings under section 153C, the assessment is not sustainable where no incriminating material exists, the satisfaction note is mechanical and fails to link seized material to the assessee, and cross-examination of the statement maker is denied. Such jurisdictional and natural justice defects are not cured by section 292B, so the additions and assessment are liable to be set aside. Case-Laws Income Tax Wed, 29 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753355