https://www.taxtmi.com/caselaws?id=469070 In a completed search assessment, additions under section 153A cannot be sustained on the basis of material seized from a third party's premises; such material, if relied upon, must meet the section 153C satisfaction requirement, and in the absence of incriminating material found in the assessee's own search, the additions fail. A common and combined approval under section 153D for multiple assessment years is also invalid where it does not show separate, independent application of mind to each draft assessment order and the material on record; a mechanical composite approval vitiates the assessments. On these grounds, the impugned assessments and consequential penalties did not survive. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 01 Jun 2026 13:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469070 In a completed search assessment, additions under section 153A cannot be sustained on the basis of material seized from a third party's premises; such material, if relied upon, must meet the section 153C satisfaction requirement, and in the absence of incriminating material found in the assessee's own search, the additions fail. A common and combined approval under section 153D for multiple assessment years is also invalid where it does not show separate, independent application of mind to each draft assessment order and the material on record; a mechanical composite approval vitiates the assessments. On these grounds, the impugned assessments and consequential penalties did not survive. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469070