https://www.taxtmi.com/caselaws?id=767420 Search additions for alleged excess cash and jewellery were deleted where the assessee's cash book, purchase bills and stock records satisfactorily explained the assets found, and the department failed to supply working details, make independent enquiry or point to any defect in the books. The Tribunal also rejected additions for alleged excess 18 carat gold, shortage of 22 carat gold and the related gross profit adjustment because the discrepancy arose from valuation and purity classification, with seized records showing the difference was negligible. Once the substantive additions failed, the section 115BBE issue became academic. en-us Tue, 25 Feb 2025 00:00:00 +0530 Tue, 18 Mar 2025 08:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767420 Search additions for alleged excess cash and jewellery were deleted where the assessee's cash book, purchase bills and stock records satisfactorily explained the assets found, and the department failed to supply working details, make independent enquiry or point to any defect in the books. The Tribunal also rejected additions for alleged excess 18 carat gold, shortage of 22 carat gold and the related gross profit adjustment because the discrepancy arose from valuation and purity classification, with seized records showing the difference was negligible. Once the substantive additions failed, the section 115BBE issue became academic. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767420