https://www.taxtmi.com/caselaws?id=786554 Seized material can support jurisdiction under section 153A where it is treated as incriminating, so the jurisdictional challenge failed. However, additions based only on loose sheets and rough papers were deleted because they were mere jottings without dates, authorship, names, or corroboration from books or independent evidence. The addition relating to a loan from Muthoot Finance Ltd. was also deleted because the revenue did not properly verify the books or the correctness of the assessee's explanation. An ad hoc deemed house property income addition was likewise unsustainable because the factual claim that the flat formed trading inventory and was rented out was not examined. en-us Wed, 11 Feb 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786554 Seized material can support jurisdiction under section 153A where it is treated as incriminating, so the jurisdictional challenge failed. However, additions based only on loose sheets and rough papers were deleted because they were mere jottings without dates, authorship, names, or corroboration from books or independent evidence. The addition relating to a loan from Muthoot Finance Ltd. was also deleted because the revenue did not properly verify the books or the correctness of the assessee's explanation. An ad hoc deemed house property income addition was likewise unsustainable because the factual claim that the flat formed trading inventory and was rented out was not examined. Case-Laws Income Tax Wed, 11 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786554