https://www.taxtmi.com/caselaws?id=793041 Approval under section 153D must show independent application of mind to each assessee and assessment year; a consolidated, non-speaking approval was treated as mechanical and invalid. Completed assessments could not be disturbed without incriminating material, and where relied-upon material pertained to a third person, the mandatory section 153C route had to be followed. The commentary also notes that a consistently followed Project Completion Method cannot be displaced by an ad hoc 20% estimate on advances unless the books are shown defective. Additions based only on loose sheets or rough notings, without corroboration, and unexplained-money additions despite evidence of agricultural income, were held unsustainable. en-us Fri, 05 Jun 2026 00:00:00 +0530 Mon, 08 Jun 2026 08:52:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793041 Approval under section 153D must show independent application of mind to each assessee and assessment year; a consolidated, non-speaking approval was treated as mechanical and invalid. Completed assessments could not be disturbed without incriminating material, and where relied-upon material pertained to a third person, the mandatory section 153C route had to be followed. The commentary also notes that a consistently followed Project Completion Method cannot be displaced by an ad hoc 20% estimate on advances unless the books are shown defective. Additions based only on loose sheets or rough notings, without corroboration, and unexplained-money additions despite evidence of agricultural income, were held unsustainable. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793041