https://www.taxtmi.com/caselaws?id=793041 Section 153D requires meaningful, year-wise prior supervisory approval; a consolidated approval without demonstrated examination of records or reasons is treated as mechanical and incapable of supporting search assessments. Completed, unabated assessments may be disturbed in search proceedings only on the basis of incriminating material. Material belonging to another person requires the prescribed third-party assessment procedure, and ordinary assessment provisions cannot replace that route where it applies. Consistently followed Project Completion Method cannot be displaced by estimated Percentage Completion Method income without defects in the books or evidence of profit distortion. Unverified loose sheets require independent corroboration. Project-profit estimation is unsupported where the assessee neither owned nor developed the project, and documented agricultural receipts and cash availability explain cash deposits. en-us Fri, 05 Jun 2026 00:00:00 +0530 Fri, 11 Sep 2026 15:50:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793041 Section 153D requires meaningful, year-wise prior supervisory approval; a consolidated approval without demonstrated examination of records or reasons is treated as mechanical and incapable of supporting search assessments. Completed, unabated assessments may be disturbed in search proceedings only on the basis of incriminating material. Material belonging to another person requires the prescribed third-party assessment procedure, and ordinary assessment provisions cannot replace that route where it applies. Consistently followed Project Completion Method cannot be displaced by estimated Percentage Completion Method income without defects in the books or evidence of profit distortion. Unverified loose sheets require independent corroboration. Project-profit estimation is unsupported where the assessee neither owned nor developed the project, and documented agricultural receipts and cash availability explain cash deposits. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793041