https://www.taxtmi.com/caselaws?id=467960 In search assessments under section 153A of the Income-tax Act, completed years cannot be disturbed without incriminating material, so additions for assessment years 2010-11 to 2013-14 were deleted. For later years, unaccounted sales were accepted on seized material, but income was required to be estimated on a net profit basis reflecting unrecorded s; the 4% rate was reduced to 1.55%. Additions for gold and cash incentive expenditure, alleged unaccounted cash sales, unexplained cash, notional interest on unsecured loans, surrendered income, and specified domestic transaction adjustments were deleted where they rested on loose papers, uncorroborated statements, duplication, or a provision that had ceased to operate. en-us Tue, 08 Mar 2022 00:00:00 +0530 Fri, 10 Apr 2026 16:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467960 In search assessments under section 153A of the Income-tax Act, completed years cannot be disturbed without incriminating material, so additions for assessment years 2010-11 to 2013-14 were deleted. For later years, unaccounted sales were accepted on seized material, but income was required to be estimated on a net profit basis reflecting unrecorded s; the 4% rate was reduced to 1.55%. Additions for gold and cash incentive expenditure, alleged unaccounted cash sales, unexplained cash, notional interest on unsecured loans, surrendered income, and specified domestic transaction adjustments were deleted where they rested on loose papers, uncorroborated statements, duplication, or a provision that had ceased to operate. Case-Laws Income Tax Tue, 08 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467960