https://www.taxtmi.com/caselaws?id=467793 Additions in search-related assessment proceedings cannot be sustained unless the seized material has a demonstrable nexus with the assessee; here, the record did not show that the material from another case specifically implicated the assessee, so the section 153C additions failed. Cash deposits and credit entries were also deleted on merits because the assessee supported them with bank statements, books of account, purchase and sales records, stock register, invoices and quantitative details for bullion and jewellery , which the authorities found acceptable. The Revenue did not establish error in deleting the additions, and the common order in the connected appeals was upheld. en-us Wed, 27 Sep 2023 00:00:00 +0530 Fri, 03 Apr 2026 12:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467793 Additions in search-related assessment proceedings cannot be sustained unless the seized material has a demonstrable nexus with the assessee; here, the record did not show that the material from another case specifically implicated the assessee, so the section 153C additions failed. Cash deposits and credit entries were also deleted on merits because the assessee supported them with bank statements, books of account, purchase and sales records, stock register, invoices and quantitative details for bullion and jewellery , which the authorities found acceptable. The Revenue did not establish error in deleting the additions, and the common order in the connected appeals was upheld. Case-Laws Income Tax Wed, 27 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467793