https://www.taxtmi.com/caselaws?id=473019 Section 153A permits additions to completed or unabated assessments only on incriminating material found during the assessee's search; external enquiries, third-party statements, regular books and uncorroborated information do not suffice. Allegations of bogus purchases or suppressed production require reliable evidence, including an established purchase trail and proof of non-genuine transactions; unsupported yield estimates cannot justify rejection of books or profit estimation. Valuation estimates alone do not establish unexplained investment, particularly where differences reflect subjective variation. Third-party survey material and loose papers require a clear link, corroboration and fair opportunity to test adverse statements. Cash discrepancies may be explained through contemporaneous cash records and supporting evidence. en-us Fri, 25 Apr 2025 00:00:00 +0530 Sat, 31 Oct 2026 17:44:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=473019 Section 153A permits additions to completed or unabated assessments only on incriminating material found during the assessee's search; external enquiries, third-party statements, regular books and uncorroborated information do not suffice. Allegations of bogus purchases or suppressed production require reliable evidence, including an established purchase trail and proof of non-genuine transactions; unsupported yield estimates cannot justify rejection of books or profit estimation. Valuation estimates alone do not establish unexplained investment, particularly where differences reflect subjective variation. Third-party survey material and loose papers require a clear link, corroboration and fair opportunity to test adverse statements. Cash discrepancies may be explained through contemporaneous cash records and supporting evidence. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=473019