https://www.taxtmi.com/caselaws?id=466562 A completed assessment cannot be reopened on the basis of a search unless incriminating material relating to that assessee is found; applying that principle the Tribunal quashed reassessment under the search provisions for the earlier year because no incriminating material was discovered. Separately, cash advances to project managers that were recorded in regular books and documented as payments disbursed by agents at locations lacking banking facilities fall within the Rule 6DD exception, so the Tribunal deleted the disallowance under the rule prohibiting certain cash payments. Both outcomes were decided in favour of the assessee. en-us Wed, 26 Feb 2025 00:00:00 +0530 Thu, 12 Feb 2026 19:01:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466562 A completed assessment cannot be reopened on the basis of a search unless incriminating material relating to that assessee is found; applying that principle the Tribunal quashed reassessment under the search provisions for the earlier year because no incriminating material was discovered. Separately, cash advances to project managers that were recorded in regular books and documented as payments disbursed by agents at locations lacking banking facilities fall within the Rule 6DD exception, so the Tribunal deleted the disallowance under the rule prohibiting certain cash payments. Both outcomes were decided in favour of the assessee. Case-Laws Income Tax Wed, 26 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466562