https://www.taxtmi.com/caselaws?id=788041 Additions in search assessments based solely on undated, unsigned or uncorroborated digital records and on extrapolation from market-portal asking rates are unsustainable; the appellate authority deleted such additions for alleged suppressed sales and the extrapolated amount. A DVO valuation predicated on non-local CPWD rates without self-supervision allowance and lacking independent incriminating material cannot support an addition; that DVO-based construction expenditure addition was deleted. Excess gross profit in jewellery business recorded as sales cannot be recharacterised as unexplained credit absent rejection of books or corroborative evidence. Loans supported by bank payments, repayments, confirmations and ledger entries were held genuine and additions under unexplained loan theory were deleted. Approval under procedural review was upheld. en-us Wed, 11 Mar 2026 00:00:00 +0530 Mon, 16 Mar 2026 08:42:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788041 Additions in search assessments based solely on undated, unsigned or uncorroborated digital records and on extrapolation from market-portal asking rates are unsustainable; the appellate authority deleted such additions for alleged suppressed sales and the extrapolated amount. A DVO valuation predicated on non-local CPWD rates without self-supervision allowance and lacking independent incriminating material cannot support an addition; that DVO-based construction expenditure addition was deleted. Excess gross profit in jewellery business recorded as sales cannot be recharacterised as unexplained credit absent rejection of books or corroborative evidence. Loans supported by bank payments, repayments, confirmations and ledger entries were held genuine and additions under unexplained loan theory were deleted. Approval under procedural review was upheld. Case-Laws Income Tax Wed, 11 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788041