https://www.taxtmi.com/caselaws?id=467244 Assessments founded on search-and-seizure require specific incriminating material seized during the search that directly links the seized evidence to the assessee's alleged undisclosed transactions; where the Assessing Officer relies solely on a searched person's recorded statement without citing or connecting any seized documents to the assessee, such admissions alone cannot sustain additions for alleged accommodation entries. For lack of specific seized material tying the search evidence to the impugned transactions, the contested additions are unsustainable, resulting in their quashing and allowance of the appeals in favour of the assessee. en-us Tue, 30 Sep 2025 00:00:00 +0530 Wed, 11 Mar 2026 19:07:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467244 Assessments founded on search-and-seizure require specific incriminating material seized during the search that directly links the seized evidence to the assessee's alleged undisclosed transactions; where the Assessing Officer relies solely on a searched person's recorded statement without citing or connecting any seized documents to the assessee, such admissions alone cannot sustain additions for alleged accommodation entries. For lack of specific seized material tying the search evidence to the impugned transactions, the contested additions are unsustainable, resulting in their quashing and allowance of the appeals in favour of the assessee. Case-Laws Income Tax Tue, 30 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467244