https://www.taxtmi.com/caselaws?id=468608 In a search assessment under Section 153A of the Income-tax Act, additions and income estimation are sustainable when supported by incriminating material seized during search. Diaries and notebooks found in search disclosed receipts from the assessee's proprietary businesses that were not reflected in the return, and those records were treated as a sufficient basis for the impugned additions. The seized material also justified estimating net profit on the disclosed gross receipts. The stated principle is that Section 153A additions must rest on incriminating search material, and estimation is permissible where that material warrants it; on that basis, the assessee's challenge failed. en-us Thu, 06 Feb 2025 00:00:00 +0530 Thu, 14 May 2026 19:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468608 In a search assessment under Section 153A of the Income-tax Act, additions and income estimation are sustainable when supported by incriminating material seized during search. Diaries and notebooks found in search disclosed receipts from the assessee's proprietary businesses that were not reflected in the return, and those records were treated as a sufficient basis for the impugned additions. The seized material also justified estimating net profit on the disclosed gross receipts. The stated principle is that Section 153A additions must rest on incriminating search material, and estimation is permissible where that material warrants it; on that basis, the assessee's challenge failed. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468608