https://www.taxtmi.com/caselaws?id=783886 Whether addition could be sustained for difference between income admitted in search statement u/s 132(4) and income returned u/s 153C. The Tribunal held that the AO erroneously considered only income offered under "discrepancies and errors in gross receipts/expenses" and ignored income offered on an estimated basis from "real estate business activity". On aggregating both heads, the additional income offered exceeded the amount admitted during search, thereby explaining the alleged shortfall. Consequently, the addition sustained by the AO/CIT(A) towards the difference was unsustainable, and the AO was directed to delete the addition of Rs. 8,82,278; the appeal was allowed. en-us Fri, 28 Nov 2025 00:00:00 +0530 Wed, 24 Dec 2025 07:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783886 Whether addition could be sustained for difference between income admitted in search statement u/s 132(4) and income returned u/s 153C. The Tribunal held that the AO erroneously considered only income offered under "discrepancies and errors in gross receipts/expenses" and ignored income offered on an estimated basis from "real estate business activity". On aggregating both heads, the additional income offered exceeded the amount admitted during search, thereby explaining the alleged shortfall. Consequently, the addition sustained by the AO/CIT(A) towards the difference was unsustainable, and the AO was directed to delete the addition of Rs. 8,82,278; the appeal was allowed. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783886