https://www.taxtmi.com/caselaws?id=801055 Statutory assessment limitation may be extended on the basis of a foreign-tax reference only where evidence of the reference substantiates the extension; an unsupported assertion leaves assessments time-barred and void from inception. In search assessments for unabated years, expenditure recorded in regular books cannot be disallowed without seized incriminating material. Agreements, invoices, banking records and confirmations can establish the genuineness of excavation expenses and professional charges included in work-in-progress and discharge the taxpayer's burden of proof. On those principles, the expense additions were unsustainable and the assessment orders could not stand. en-us Tue, 29 Sep 2026 00:00:00 +0530 Thu, 15 Oct 2026 05:44:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801055 Statutory assessment limitation may be extended on the basis of a foreign-tax reference only where evidence of the reference substantiates the extension; an unsupported assertion leaves assessments time-barred and void from inception. In search assessments for unabated years, expenditure recorded in regular books cannot be disallowed without seized incriminating material. Agreements, invoices, banking records and confirmations can establish the genuineness of excavation expenses and professional charges included in work-in-progress and discharge the taxpayer's burden of proof. On those principles, the expense additions were unsustainable and the assessment orders could not stand. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801055