https://www.taxtmi.com/caselaws?id=784928 Challenge to an addition treating a loan as bogus under assessment proceedings arising from search and seizure; tribunal found documents seized from related group entities alleging back-to-back accommodation entries did not constitute incriminating material against the assessee, whose books and financial statements demonstrated activities limited to investment and trading in shares and securities, and there was no finding of parallel books. Consequently the addition under section 68 lacked nexus to the search material and was deleted; reliance placed on precedent of the SC where absence of incriminating material defeated such additions. en-us Fri, 02 Jan 2026 00:00:00 +0530 Wed, 14 Jan 2026 08:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784928 Challenge to an addition treating a loan as bogus under assessment proceedings arising from search and seizure; tribunal found documents seized from related group entities alleging back-to-back accommodation entries did not constitute incriminating material against the assessee, whose books and financial statements demonstrated activities limited to investment and trading in shares and securities, and there was no finding of parallel books. Consequently the addition under section 68 lacked nexus to the search material and was deleted; reliance placed on precedent of the SC where absence of incriminating material defeated such additions. Case-Laws Income Tax Fri, 02 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784928