https://www.taxtmi.com/caselaws?id=789046 Reassessment is valid where the Assessing Officer relies on tangible post-search information, enquiries and complies with the prescribed notice procedure; section 153C is not attracted unless incriminating seized material relating to the assessee is found in search. Consultancy expenditure is allowable only on proof of actual services, business nexus and genuineness, and mere banking payment does not suffice. Employees' PF and ESI contributions deposited after the statutory due dates remain disallowable, and expenditure attracting TDS consequences is liable to disallowance where tax is not deducted. en-us Fri, 27 Mar 2026 00:00:00 +0530 Thu, 02 Apr 2026 08:50:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789046 Reassessment is valid where the Assessing Officer relies on tangible post-search information, enquiries and complies with the prescribed notice procedure; section 153C is not attracted unless incriminating seized material relating to the assessee is found in search. Consultancy expenditure is allowable only on proof of actual services, business nexus and genuineness, and mere banking payment does not suffice. Employees' PF and ESI contributions deposited after the statutory due dates remain disallowable, and expenditure attracting TDS consequences is liable to disallowance where tax is not deducted. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789046