https://www.taxtmi.com/caselaws?id=801048 Section 153A permits disturbance of completed or unabated assessments only where incriminating material found during the assessee's search reveals undisclosed income and directly relates to the proposed addition. Unsecured loans already disclosed in the books cannot be added merely from assessment-stage inquiries, subsequent third-party material, lender verification, or an alleged failure to establish creditworthiness. Search statements must specifically indicate fictitious loans, cash exchange, or unaccounted funds; their absence cannot support additions. Corresponding interest disallowances likewise lack foundation where no year-specific incriminating material exists. The loan-transaction merits remain unexamined under this jurisdictional limitation. en-us Mon, 07 Sep 2026 00:00:00 +0530 Thu, 15 Oct 2026 05:44:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801048 Section 153A permits disturbance of completed or unabated assessments only where incriminating material found during the assessee's search reveals undisclosed income and directly relates to the proposed addition. Unsecured loans already disclosed in the books cannot be added merely from assessment-stage inquiries, subsequent third-party material, lender verification, or an alleged failure to establish creditworthiness. Search statements must specifically indicate fictitious loans, cash exchange, or unaccounted funds; their absence cannot support additions. Corresponding interest disallowances likewise lack foundation where no year-specific incriminating material exists. The loan-transaction merits remain unexamined under this jurisdictional limitation. Case-Laws Income Tax Mon, 07 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801048