https://www.taxtmi.com/caselaws?id=798959 Section 153C permits proceedings against an "other person" where a search warrant is issued in another person's name but executed at that person's premises; the panchanama cannot change the identity of the searched person. For completed, unabated assessment years, additions require incriminating material discovered in the search that relates specifically to each relevant year; material for one year and uncorroborated search admissions cannot justify additions for earlier years. In estimating liquor-business income, a declared net-profit rate of about 5.5% was considered reasonable where gross profit was verified, ordinary operating expenses were commercially plausible, and separate disallowance of expenses already excluded in computing profit would cause double taxation. en-us Mon, 31 Aug 2026 00:00:00 +0530 Tue, 15 Sep 2026 08:31:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798959 Section 153C permits proceedings against an "other person" where a search warrant is issued in another person's name but executed at that person's premises; the panchanama cannot change the identity of the searched person. For completed, unabated assessment years, additions require incriminating material discovered in the search that relates specifically to each relevant year; material for one year and uncorroborated search admissions cannot justify additions for earlier years. In estimating liquor-business income, a declared net-profit rate of about 5.5% was considered reasonable where gross profit was verified, ordinary operating expenses were commercially plausible, and separate disallowance of expenses already excluded in computing profit would cause double taxation. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798959