https://www.taxtmi.com/caselaws?id=796948 Section 153D approval must demonstrate independent, assessment-year-specific application of mind to the relevant issues and seized material; a consolidated mechanical approval can vitiate the assessments. Materials seized from a director managing the company's day-to-day affairs during a simultaneous search may be used in the company's section 153A assessment without resort to section 153C. For unabated years, a consistently applied Project Completion Method cannot be replaced by an arbitrary Percentage Completion Method estimate where no incriminating material is found and the accounts are not rejected. Receipts and payments recorded in the same seized papers cannot generate separate income additions where the related income was already offered and assessed. en-us Wed, 05 Aug 2026 00:00:00 +0530 Thu, 13 Aug 2026 08:30:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796948 Section 153D approval must demonstrate independent, assessment-year-specific application of mind to the relevant issues and seized material; a consolidated mechanical approval can vitiate the assessments. Materials seized from a director managing the company's day-to-day affairs during a simultaneous search may be used in the company's section 153A assessment without resort to section 153C. For unabated years, a consistently applied Project Completion Method cannot be replaced by an arbitrary Percentage Completion Method estimate where no incriminating material is found and the accounts are not rejected. Receipts and payments recorded in the same seized papers cannot generate separate income additions where the related income was already offered and assessed. Case-Laws Income Tax Wed, 05 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796948