https://www.taxtmi.com/caselaws?id=773524 Seized material found at the premises of other group entities could not support additions in the assessee's hands without an independent nexus, and the Tribunal rejected reliance on third-party search records alone. For recurring related-party ledger transactions, additions were confined to the identifiable peak, outstanding balance, or sustainable balance, not the entire gross movement. Alleged unexplained cash, jewellery and agricultural assets were deleted where reconciliations, affidavits, bank records or surrender entries satisfactorily explained them, though one later issue was remanded for fresh adjudication. In respect of out-of-books turnover and surrender-linked receipts, only the actual profit or income element was held taxable, not the full gross turnover. en-us Thu, 19 Jun 2025 00:00:00 +0530 Tue, 24 Jun 2025 08:25:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773524 Seized material found at the premises of other group entities could not support additions in the assessee's hands without an independent nexus, and the Tribunal rejected reliance on third-party search records alone. For recurring related-party ledger transactions, additions were confined to the identifiable peak, outstanding balance, or sustainable balance, not the entire gross movement. Alleged unexplained cash, jewellery and agricultural assets were deleted where reconciliations, affidavits, bank records or surrender entries satisfactorily explained them, though one later issue was remanded for fresh adjudication. In respect of out-of-books turnover and surrender-linked receipts, only the actual profit or income element was held taxable, not the full gross turnover. Case-Laws Income Tax Thu, 19 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773524