https://www.taxtmi.com/caselaws?id=470559 Search assessments under section 153C require seized money, assets, books or documents relating to the other person, bearing on total income, followed by recorded satisfaction and transmission to the jurisdictional Assessing Officer. For completed assessments, additions for unexplained investment under section 69B must be supported by incriminating material connected with the search. Where no seized document or loose paper evidences unaccounted construction expenditure and the required satisfaction procedure is not disclosed, a Departmental Valuation Officer's report alone cannot substitute for incriminating material. Additions founded solely on such a valuation report are therefore unsustainable. en-us Mon, 24 Mar 2025 00:00:00 +0530 Fri, 31 Jul 2026 08:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470559 Search assessments under section 153C require seized money, assets, books or documents relating to the other person, bearing on total income, followed by recorded satisfaction and transmission to the jurisdictional Assessing Officer. For completed assessments, additions for unexplained investment under section 69B must be supported by incriminating material connected with the search. Where no seized document or loose paper evidences unaccounted construction expenditure and the required satisfaction procedure is not disclosed, a Departmental Valuation Officer's report alone cannot substitute for incriminating material. Additions founded solely on such a valuation report are therefore unsustainable. Case-Laws Income Tax Mon, 24 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470559