https://www.taxtmi.com/caselaws?id=472661 Section 153A limits additions in completed assessments to year-specific incriminating material found during search; unsupported statements, accounted data, projections, and unrelated loose papers do not suffice. A single proven on-money sale cannot be extrapolated to other transactions, and only its profit component is taxable. Unsecured loans supported by lender identity, creditworthiness, banking records, and repayment cannot be treated as accommodation entries, while duplicate interest disallowance fails. Uncorroborated messages and loose cash notings cannot establish unexplained money or expenditure, although direct unexplained cash communications and admitted unrecorded commission payments may support additions. Recorded jewellery and prescribed family allowance remain explained, subject to factual verification of silver utensils. en-us Tue, 08 Aug 2023 00:00:00 +0530 Wed, 21 Oct 2026 12:54:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472661 Section 153A limits additions in completed assessments to year-specific incriminating material found during search; unsupported statements, accounted data, projections, and unrelated loose papers do not suffice. A single proven on-money sale cannot be extrapolated to other transactions, and only its profit component is taxable. Unsecured loans supported by lender identity, creditworthiness, banking records, and repayment cannot be treated as accommodation entries, while duplicate interest disallowance fails. Uncorroborated messages and loose cash notings cannot establish unexplained money or expenditure, although direct unexplained cash communications and admitted unrecorded commission payments may support additions. Recorded jewellery and prescribed family allowance remain explained, subject to factual verification of silver utensils. Case-Laws Income Tax Tue, 08 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472661