https://www.taxtmi.com/caselaws?id=791537 Additions in concluded search assessments under section 153A require incriminating material found during the search; where the material relied on was already disclosed before search, the additions were held unsustainable. The article also notes that section 45(5A) operates prospectively and cannot be applied to a joint development agreement executed, and possession handed over, before its commencement merely because the completion certificate was issued later. On these principles, search-based additions and the attempted capital-gains taxation in the later year were not sustained. en-us Mon, 11 May 2026 00:00:00 +0530 Wed, 13 May 2026 08:36:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791537 Additions in concluded search assessments under section 153A require incriminating material found during the search; where the material relied on was already disclosed before search, the additions were held unsustainable. The article also notes that section 45(5A) operates prospectively and cannot be applied to a joint development agreement executed, and possession handed over, before its commencement merely because the completion certificate was issued later. On these principles, search-based additions and the attempted capital-gains taxation in the later year were not sustained. Case-Laws Income Tax Mon, 11 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791537