Unexplained investment and cash allegations require cogent, specific corroboration; lacking that, additions were deleted.

Addition under unexplained investment was examined against documentary proof of a housing loan and spouse's bank records; where identical transaction and source were accepted in the co-owner's assessment and no adverse material disproved the documentary trail, the Section 69 addition of the balance consideration was deleted. Alleged on money payment lacked seized documents, statements or any specific nexus to the assessee and mirrored an allegation not sustained in the spouse's assessment; the cash payment addition was deleted. Principle: general information absent independent, cogent corroboration cannot support additions against an assessee.

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Issues: (i) Whether the addition of Rs. 14,74,000 under Section 69 as unexplained investment is sustainable; (ii) Whether the addition of Rs. 3,37,000 as alleged on-money payment is sustainable.

Issue (i): Whether the addition of Rs. 14,74,000 sustained by the CIT(A) under Section 69 is justified.

Analysis: The total consideration for the property was Rs. 57,24,000, of which Rs. 42,50,000 was substantiated by a housing loan accepted on record. The balance Rs. 14,74,000 was claimed to have been paid from the spouse's savings with bank statements, cheque references and supporting documents placed before the CIT(A). The identical transaction and source of funds were examined in the spouse's assessment for the same assessment year and accepted without making any addition. No adverse material was produced to disprove the documentary trail furnished in the assessee's case.

Conclusion: In favour of the assessee. The addition of Rs. 14,74,000 under Section 69 is deleted.

Issue (ii): Whether the addition of Rs. 3,37,000 as alleged on-money payment is justified.

Analysis: No seized document, statement, or corroborative evidence was produced linking the assessee to any cash payment of Rs. 3,37,000. The allegation appears to rest on general information relating to the builder group without establishing a specific nexus with the assessee. The same allegation was not sustained in the spouse's assessment.

Conclusion: In favour of the assessee. The addition of Rs. 3,37,000 as on-money is deleted.

Final Conclusion: The appeal is allowed and the additions of Rs. 14,74,000 and Rs. 3,37,000 are deleted, resulting in disposal of the appeal in favour of the assessee.

Ratio Decidendi: An addition based on general information or material not specifically linked to the assessee cannot be sustained in the absence of independent, cogent corroborative evidence; where identical transactions and sources are accepted in the hands of a co-owner for the same assessment year and no adverse material disproves the documentary trail, sustaining an addition would be inconsistent and is not permissible.

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