https://www.taxtmi.com/caselaws?id=796091 Search-related assessments under Section 153C were valid because seized material pertained to the assessee and was connected with alleged bogus sales entries routed through searched entities. Sales through those entities were treated as bogus after search evidence and enquiries established that they provided accommodation entries. However, a reduced commission-rate addition lacked support from segmental comparables and was excessive because the sales were treated as bogus only once. Taxable profit was therefore confined to gross profit estimated at 1% or the gross-profit rate disclosed in the books, whichever was higher. en-us Tue, 28 Jul 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796091 Search-related assessments under Section 153C were valid because seized material pertained to the assessee and was connected with alleged bogus sales entries routed through searched entities. Sales through those entities were treated as bogus after search evidence and enquiries established that they provided accommodation entries. However, a reduced commission-rate addition lacked support from segmental comparables and was excessive because the sales were treated as bogus only once. Taxable profit was therefore confined to gross profit estimated at 1% or the gross-profit rate disclosed in the books, whichever was higher. Case-Laws Income Tax Tue, 28 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796091