https://www.taxtmi.com/caselaws?id=469870 In completed and unabated assessments under section 153A, additions could not be sustained where no incriminating material was found in the search on the assessee and the basis was loose sheets and statements from a third-party search; the additions for assessment years 2014-15 to 2017-18 were deleted. A further addition under section 69 for assessment year 2018-19, based only on third-party loose sheets and an initial statement later retracted by affidavits, was also unsustainable because loose sheets alone were not reliable corroborative evidence and the assessee's banking explanation remained unshaken; that addition was deleted as well. The appeals succeeded on both the section 153A jurisdictional point and the merits of the cash-loan issue. en-us Tue, 11 Mar 2025 00:00:00 +0530 Tue, 07 Jul 2026 21:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469870 In completed and unabated assessments under section 153A, additions could not be sustained where no incriminating material was found in the search on the assessee and the basis was loose sheets and statements from a third-party search; the additions for assessment years 2014-15 to 2017-18 were deleted. A further addition under section 69 for assessment year 2018-19, based only on third-party loose sheets and an initial statement later retracted by affidavits, was also unsustainable because loose sheets alone were not reliable corroborative evidence and the assessee's banking explanation remained unshaken; that addition was deleted as well. The appeals succeeded on both the section 153A jurisdictional point and the merits of the cash-loan issue. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469870