https://www.taxtmi.com/caselaws?id=795496 Valuation-based additions for unexplained investment in construction under section 69B were described as unsustainable where the Departmental Valuation Officer's estimate was the sole basis, no unaccounted construction expenditure was found in search, and no material defect was identified in recorded costs; the additions were deleted. Income adopted in a section 153C assessment from a pre-search section 143(1) intimation, without any fresh addition, could not be challenged through the section 153C appeal. The prescribed remedies were appeal or rectification against the intimation, as section 153C addresses unaccounted income found in search. en-us Mon, 25 May 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795496 Valuation-based additions for unexplained investment in construction under section 69B were described as unsustainable where the Departmental Valuation Officer's estimate was the sole basis, no unaccounted construction expenditure was found in search, and no material defect was identified in recorded costs; the additions were deleted. Income adopted in a section 153C assessment from a pre-search section 143(1) intimation, without any fresh addition, could not be challenged through the section 153C appeal. The prescribed remedies were appeal or rectification against the intimation, as section 153C addresses unaccounted income found in search. Case-Laws Income Tax Mon, 25 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795496