https://www.taxtmi.com/caselaws?id=472030 Completed or unabated assessments under Section 153A require incriminating material found during a search before additions may be made. Where original returns had attained finality because no notice under Section 143(2) was issued within the prescribed period and no assessment or reassessment was pending on the search date, additions cannot rest solely on material already available on record. In the absence of seized material concerning unexplained unsecured loans, related interest expenditure, or delayed employee PF/ESI contributions, reassessment under Section 153A is not permissible and such additions are unsustainable. en-us Wed, 16 Apr 2025 00:00:00 +0530 Sun, 27 Sep 2026 15:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472030 Completed or unabated assessments under Section 153A require incriminating material found during a search before additions may be made. Where original returns had attained finality because no notice under Section 143(2) was issued within the prescribed period and no assessment or reassessment was pending on the search date, additions cannot rest solely on material already available on record. In the absence of seized material concerning unexplained unsecured loans, related interest expenditure, or delayed employee PF/ESI contributions, reassessment under Section 153A is not permissible and such additions are unsustainable. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472030