https://www.taxtmi.com/caselaws?id=466939 Section 153A distinguishes between unabated assessments, which had attained finality on the search date, and abated assessments pending on that date. In unabated years, additions or disallowances require incriminating material seized or discovered during the search; an uncorroborated statement recorded under Section 132(4) is insufficient without a nexus to such material. Additions and consequential disallowances lacking that basis are to be deleted. For abated years, the assessing officer may conduct a fresh assessment, but statements should be independently verified or corroborated. Such assessments may be remitted for fresh consideration after allowing the assessee to submit explanations and material and receive a proper hearing. en-us Tue, 30 Aug 2022 00:00:00 +0530 Fri, 27 Feb 2026 08:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466939 Section 153A distinguishes between unabated assessments, which had attained finality on the search date, and abated assessments pending on that date. In unabated years, additions or disallowances require incriminating material seized or discovered during the search; an uncorroborated statement recorded under Section 132(4) is insufficient without a nexus to such material. Additions and consequential disallowances lacking that basis are to be deleted. For abated years, the assessing officer may conduct a fresh assessment, but statements should be independently verified or corroborated. Such assessments may be remitted for fresh consideration after allowing the assessee to submit explanations and material and receive a proper hearing. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466939