https://www.taxtmi.com/caselaws?id=466939 The note clarifies that for assessments finalised before a search (unabated years) no addition or disallowance can be sustained unless based on incriminating material seized or discovered during the search; standalone statements recorded under the search-procedure provision do not suffice without nexus to seized material, so such additions should be deleted. For assessments that were abated on the date of search, the assessing officer retains power to frame fresh assessments but must re-examine reliance on uncorroborated statements, afford the assessee an opportunity to file explanations and evidence, and pass fresh orders after consideration. 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 The note clarifies that for assessments finalised before a search (unabated years) no addition or disallowance can be sustained unless based on incriminating material seized or discovered during the search; standalone statements recorded under the search-procedure provision do not suffice without nexus to seized material, so such additions should be deleted. For assessments that were abated on the date of search, the assessing officer retains power to frame fresh assessments but must re-examine reliance on uncorroborated statements, afford the assessee an opportunity to file explanations and evidence, and pass fresh orders after consideration. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466939