https://www.taxtmi.com/caselaws?id=470271 Completed and unabated assessments under the search-assessment regime may be disturbed only on the basis of incriminating material found during the search that relates to the relevant assessment year. Additions for unexplained credits and related expenditure are unsustainable where the relied-upon seized document does not concern the assessee and the search yields no evidence of alleged accommodation entries. Concealment penalties founded exclusively on such additions cannot survive once the underlying additions are deleted, because their factual and legal basis ceases to exist. en-us Wed, 19 Mar 2025 00:00:00 +0530 Tue, 21 Jul 2026 19:10:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470271 Completed and unabated assessments under the search-assessment regime may be disturbed only on the basis of incriminating material found during the search that relates to the relevant assessment year. Additions for unexplained credits and related expenditure are unsustainable where the relied-upon seized document does not concern the assessee and the search yields no evidence of alleged accommodation entries. Concealment penalties founded exclusively on such additions cannot survive once the underlying additions are deleted, because their factual and legal basis ceases to exist. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470271