https://www.taxtmi.com/caselaws?id=787941 Additions in a completed assessment following a search are unsustainable unless incriminating material specific to that assessment year is found; accordingly, the challenge to additions for A.Y. 2016-17 was dismissed in favour of the assessee. Where seized documents contain year-wise entries of unaccounted receipts and expenses, those seized figures constitute the primary basis for computing undisclosed profit and should be adopted over a uniform estimated gross profit percentage; the Tribunal directed adoption of seized-document computations for the later assessment years. Expenditure on repairs and depreciation of a director's farmhouse was allowed to the extent of proven business use; the disallowance was set aside. en-us Wed, 11 Mar 2026 00:00:00 +0530 Fri, 13 Mar 2026 16:25:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787941 Additions in a completed assessment following a search are unsustainable unless incriminating material specific to that assessment year is found; accordingly, the challenge to additions for A.Y. 2016-17 was dismissed in favour of the assessee. Where seized documents contain year-wise entries of unaccounted receipts and expenses, those seized figures constitute the primary basis for computing undisclosed profit and should be adopted over a uniform estimated gross profit percentage; the Tribunal directed adoption of seized-document computations for the later assessment years. Expenditure on repairs and depreciation of a director's farmhouse was allowed to the extent of proven business use; the disallowance was set aside. Case-Laws Income Tax Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787941