https://www.taxtmi.com/caselaws?id=768129 Assessment under search proceedings involved addition of unexplained receipts treated as unexplained under the explanation provision; tribunal found the assessing officer could only sustain such addition if supported by incriminating material unearthed during search, applying the requirement that reopening in search assessments must be founded on such material, and there was insufficient incriminating material on record. Consequence: the addition was deleted and the appeal was allowed. en-us Fri, 28 Mar 2025 00:00:00 +0530 Thu, 29 Jan 2026 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768129 Assessment under search proceedings involved addition of unexplained receipts treated as unexplained under the explanation provision; tribunal found the assessing officer could only sustain such addition if supported by incriminating material unearthed during search, applying the requirement that reopening in search assessments must be founded on such material, and there was insufficient incriminating material on record. Consequence: the addition was deleted and the appeal was allowed. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768129