https://www.taxtmi.com/caselaws?id=788028 Reassessment proceedings in search-linked matters were examined: the ten-year limitation block runs from the end of the assessment year relevant to the previous year in which the search occurred, rendering reassessment for the earliest contested year time barred and that reassessment order quashed. Initiation of reassessment for the other years was held valid where statutory conditions and deemed satisfaction from the search material existed. The taxable component of undisclosed 'on money' receipts is limited to the profit element and, on the facts, a uniform estimation rate of 10% was applied. Protective additions were deleted where substantive assessment was sustained in the hands of the correct person; certain negative cash/ unexplained money items were remitted for verification or sustained as appropriate. en-us Mon, 23 Feb 2026 00:00:00 +0530 Fri, 13 Mar 2026 12:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788028 Reassessment proceedings in search-linked matters were examined: the ten-year limitation block runs from the end of the assessment year relevant to the previous year in which the search occurred, rendering reassessment for the earliest contested year time barred and that reassessment order quashed. Initiation of reassessment for the other years was held valid where statutory conditions and deemed satisfaction from the search material existed. The taxable component of undisclosed 'on money' receipts is limited to the profit element and, on the facts, a uniform estimation rate of 10% was applied. Protective additions were deleted where substantive assessment was sustained in the hands of the correct person; certain negative cash/ unexplained money items were remitted for verification or sustained as appropriate. Case-Laws Income Tax Mon, 23 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788028