https://www.taxtmi.com/caselaws?id=788257 Additions for suppressed sales require cogent, corroborative evidence of excess consideration. Seized welcome letters, loose sheets, WhatsApp material and buyer statements did not establish unaccounted sale receipts, while extrapolation based on unauthenticated market-portal rates lacked seized material, comparable evidence, book rejection or valuation support; the suppressed-sales additions were therefore deleted. For cash credits, identity and banking or ledger evidence, supported in several instances by tax and financial records, discharged the assessee's primary burden. As the Assessing Officer produced no concrete rebuttal or independent enquiry, the cash-credit addition was deleted. Approval for search assessment was treated as an administrative approval made after record review, not a mechanical exercise. en-us Tue, 10 Mar 2026 00:00:00 +0530 Thu, 19 Mar 2026 08:59:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788257 Additions for suppressed sales require cogent, corroborative evidence of excess consideration. Seized welcome letters, loose sheets, WhatsApp material and buyer statements did not establish unaccounted sale receipts, while extrapolation based on unauthenticated market-portal rates lacked seized material, comparable evidence, book rejection or valuation support; the suppressed-sales additions were therefore deleted. For cash credits, identity and banking or ledger evidence, supported in several instances by tax and financial records, discharged the assessee's primary burden. As the Assessing Officer produced no concrete rebuttal or independent enquiry, the cash-credit addition was deleted. Approval for search assessment was treated as an administrative approval made after record review, not a mechanical exercise. Case-Laws Income Tax Tue, 10 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788257