https://www.taxtmi.com/caselaws?id=67433 An unsigned, undated loose paper that does not identify the transaction, parties, period, or monetary unit cannot by itself sustain an addition for undisclosed income. The Revenue must correlate such a document with proper enquiry and corroborative evidence; absent that, the paper remains a dumb document incapable of speaking for itself. The presumption under section 132(4A) of the Income-tax Act cannot cure these evidentiary gaps or replace proof in regular assessment. On these facts, the taxable nexus with the assessee was not established and the addition was unsustainable. en-us Tue, 23 Jan 2007 00:00:00 +0530 Wed, 07 Feb 2024 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67433 An unsigned, undated loose paper that does not identify the transaction, parties, period, or monetary unit cannot by itself sustain an addition for undisclosed income. The Revenue must correlate such a document with proper enquiry and corroborative evidence; absent that, the paper remains a dumb document incapable of speaking for itself. The presumption under section 132(4A) of the Income-tax Act cannot cure these evidentiary gaps or replace proof in regular assessment. On these facts, the taxable nexus with the assessee was not established and the addition was unsustainable. Case-Laws Income Tax Tue, 23 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67433