https://www.taxtmi.com/caselaws?id=788022 Protective additions based on mechanical adoption of third party assessments were set aside and remitted for fresh adjudication because the Assessing Officer failed to independently examine seized books and evidences and the substantive third party assessments were quashed; assessments framed under extended limitation were held within time by application of the prescribed extension based on produced references/communications; administrative approvals for assessment proceedings were upheld as presumptively valid absent credible evidence of non application of mind; quantification issues including unaccounted finance/commission income, property investment and seized cash were partly confirmed, partly deleted, and remitted with allowance for telescoping to avoid double taxation. en-us Fri, 23 Jan 2026 00:00:00 +0530 Mon, 16 Mar 2026 08:42:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788022 Protective additions based on mechanical adoption of third party assessments were set aside and remitted for fresh adjudication because the Assessing Officer failed to independently examine seized books and evidences and the substantive third party assessments were quashed; assessments framed under extended limitation were held within time by application of the prescribed extension based on produced references/communications; administrative approvals for assessment proceedings were upheld as presumptively valid absent credible evidence of non application of mind; quantification issues including unaccounted finance/commission income, property investment and seized cash were partly confirmed, partly deleted, and remitted with allowance for telescoping to avoid double taxation. Case-Laws Income Tax Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788022