https://www.taxtmi.com/caselaws?id=790901 In an abated search assessment under section 153A, additions are not confined to incriminating material alone, and jurisdiction may be upheld where the search covers the assessee through a warrant issued in the name of the group. For section 68 additions, primary evidence such as confirmations, bank records, audited financials, income-tax returns and share allotment documents can establish identity, creditworthiness and genuineness. Reliance solely on retracted third-party statements, without corroboration and without affording effective cross-examination, is insufficient and violates natural justice. On identical facts, share capital and unsecured loan from the same source should be treated consistently. en-us Thu, 30 Apr 2026 00:00:00 +0530 Sat, 02 May 2026 07:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790901 In an abated search assessment under section 153A, additions are not confined to incriminating material alone, and jurisdiction may be upheld where the search covers the assessee through a warrant issued in the name of the group. For section 68 additions, primary evidence such as confirmations, bank records, audited financials, income-tax returns and share allotment documents can establish identity, creditworthiness and genuineness. Reliance solely on retracted third-party statements, without corroboration and without affording effective cross-examination, is insufficient and violates natural justice. On identical facts, share capital and unsecured loan from the same source should be treated consistently. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790901