https://www.taxtmi.com/caselaws?id=466941 In search assessment disputes, additions must rest on cogent, corroborated, and year-specific material; retracted search statements are not conclusive and cannot, by themselves, sustain additions without supporting evidence. The Tribunal treated the search objections, transfer of jurisdiction, section 153A notices, and section 153D approval as valid, but deleted major additions based on seized tally accounts, bought notes, alleged dummy entities, excess disclosure apportionment, alleged on-money payment, interest disallowance, and the proposed section 56(2)(vii)(a) enhancement. Cash found during search was largely explained by regular books, with only Rs. 40 lakhs sustained as unexplained under section 69A. Special audit reports were held relevant and not to be ignored where they supported the assessee. en-us Fri, 07 Jul 2023 00:00:00 +0530 Fri, 27 Feb 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466941 In search assessment disputes, additions must rest on cogent, corroborated, and year-specific material; retracted search statements are not conclusive and cannot, by themselves, sustain additions without supporting evidence. The Tribunal treated the search objections, transfer of jurisdiction, section 153A notices, and section 153D approval as valid, but deleted major additions based on seized tally accounts, bought notes, alleged dummy entities, excess disclosure apportionment, alleged on-money payment, interest disallowance, and the proposed section 56(2)(vii)(a) enhancement. Cash found during search was largely explained by regular books, with only Rs. 40 lakhs sustained as unexplained under section 69A. Special audit reports were held relevant and not to be ignored where they supported the assessee. Case-Laws Income Tax Fri, 07 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466941