https://www.taxtmi.com/caselaws?id=794628 For a completed, unabated assessment, additions under section 153A of the Income-tax Act cannot be made unless supported by incriminating material found during the search; material already available with the Revenue does not justify disturbing finality. The article also states that an addition under section 69A fails unless the Revenue first proves that the assessee owned the money or asset in question. On the facts described, the foreign bank accounts stood in the names of foreign entities and the evidence did not establish ownership or control by the assessee, so the additions were held unsustainable and the Tribunal's deletion was upheld. en-us Wed, 01 Jul 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794628 For a completed, unabated assessment, additions under section 153A of the Income-tax Act cannot be made unless supported by incriminating material found during the search; material already available with the Revenue does not justify disturbing finality. The article also states that an addition under section 69A fails unless the Revenue first proves that the assessee owned the money or asset in question. On the facts described, the foreign bank accounts stood in the names of foreign entities and the evidence did not establish ownership or control by the assessee, so the additions were held unsustainable and the Tribunal's deletion was upheld. Case-Laws Income Tax Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794628