https://www.taxtmi.com/caselaws?id=795607 Section 153C jurisdiction was treated as valid where seized incriminating documents supported initiation, approval under Section 153D existed, and no cogent evidence disproved the satisfaction note; subsequently received investigation material could therefore be considered. Commission income from alleged accommodation-entry transactions was to be recomputed at the consistently applied 0.47% rate on materially similar facts. The locker-cash addition required fresh consideration because the assessee's one-fourth share and claim of prior assessment required verification. The addition for the assessee's proportionate share of jewellery and foreign currency remained sustainable because acquisition from disclosed sources was not substantiated. en-us Mon, 20 Jul 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795607 Section 153C jurisdiction was treated as valid where seized incriminating documents supported initiation, approval under Section 153D existed, and no cogent evidence disproved the satisfaction note; subsequently received investigation material could therefore be considered. Commission income from alleged accommodation-entry transactions was to be recomputed at the consistently applied 0.47% rate on materially similar facts. The locker-cash addition required fresh consideration because the assessee's one-fourth share and claim of prior assessment required verification. The addition for the assessee's proportionate share of jewellery and foreign currency remained sustainable because acquisition from disclosed sources was not substantiated. Case-Laws Income Tax Mon, 20 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795607