https://www.taxtmi.com/caselaws?id=756402 In completed or unabated search assessments under sections 153A and 153C, additions must have a discernible nexus with incriminating seized material for the relevant assessment year; statements under sections 132(4) and 131(1A), though evidentiary, cannot by themselves sustain additions without corroboration. Additional evidence under Rule 29 of the ITAT Rules may be admitted where it is necessary for substantial justice and for deciding the dispute on a correct factual footing. On that basis, the disputed additions were sent back for fresh examination with the admitted materials, and the assessee was permitted to produce further supporting evidence. en-us Wed, 24 Jul 2024 00:00:00 +0530 Thu, 01 Aug 2024 18:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756402 In completed or unabated search assessments under sections 153A and 153C, additions must have a discernible nexus with incriminating seized material for the relevant assessment year; statements under sections 132(4) and 131(1A), though evidentiary, cannot by themselves sustain additions without corroboration. Additional evidence under Rule 29 of the ITAT Rules may be admitted where it is necessary for substantial justice and for deciding the dispute on a correct factual footing. On that basis, the disputed additions were sent back for fresh examination with the admitted materials, and the assessee was permitted to produce further supporting evidence. Case-Laws Income Tax Wed, 24 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756402