S. 153A : Assessment-Search or requisition-Unexplained money-Assessment of third party-Cash Deposits-Routed through books of accounts-Books of accounts not rejected-Additions made on mere conjecture not sustainable.[S. 69A]

S. 153A : Assessment-Search or requisition-Unaccounted cash transactions-Compensation received for selling shares-Assessing Officer had not conducted any independent enquiry or made any efforts to corroborate such unaccounted cash transactions with seized material addition was unjustified. [S. 4, 132]

S. 153A : Assessment-Search or requisition-Unabated assessment-No incriminating material was found-Addition cannot be made. [S. 132, 143(3)]

S. 153A : Assessment-Search or requisition-Assessments which do not abate-Can be interfered with only on basis of incriminating material or undisclosed income or property unearthed during Search-Time limit to issue notice under Section 143(2) has not expired-Assessing Officer is entitle to verify the income declared. [S. 143(2) 143(3)]

S. 153A : Assessment-Search or requisition-Undisclosed income-Seized material-Set off Shortage of stock was given in the year such shortage was unearthed and not for earlier years-Concealed profits-No evidence was found in the course of search-Addition was deleted. [S. 132]

S. 153A : Assessment-Search or requisition-On money on sale of property-Loose sheets-Agricultural land-Undisclosed income-Found in the possession of buyers-Capital receipt-Admitted the receipt of on money-Cannot be treated as capital receipt-Addition is justified. [S.2(14)(iii), 4, 132]

S. 153A : Assessment-Search or requisition-No incriminating material was found-Issue of shares to Foreign entities-Addition cannot be made as cash credits-Binding precedent-Decisions of the non-jurisdictional High Court are followed by the lower authorities, only in the absence of benefit of guidance by the jurisdictional High Court on that issue.[S. 68]

S. 153A : Assessment-Search or requisition-Assessments not abating on date of search-No incriminating material-Addition cannot be made-Loss on sale of investments-Matter remanded. [S. 73]

S. 153A : Assessment-Search or requisition-Unexplained Income-Cash deposited in the bank account during demonetization-Cash sales and realization of trade debtors-Recorded in books of accounts-No adverse comments by investigation department-No inflated purchases or suppressed sales-Additions not tenable. [S. 69A]

S. 153A : Assessment-Search or requisition-Undisclosed Income-Bogus Purchases from Hawala or Bogus dealers-Assessee not in possession of evidences/bills-Average ratio of bogus purchase to turnover 1%-Bogus purchase estimation on that basis-Additions justified.[S. 132]