https://www.taxtmi.com/caselaws?id=211930 Seized search documents containing month-wise interest workings were treated as reliable material, and the statutory presumption attached to such documents supported inference of an actual transaction, including principal and interest. The assessee's claim that the papers were only rough workings was rejected on the facts. Concurrent findings of the lower authorities, being based on evidence and not shown to be perverse or unsupported, did not raise any substantial question of law for appellate interference. The additions based on the seized document were therefore sustained, and the appellate challenge failed. en-us Tue, 07 Feb 2012 00:00:00 +0530 Wed, 10 Jun 2026 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211930 Seized search documents containing month-wise interest workings were treated as reliable material, and the statutory presumption attached to such documents supported inference of an actual transaction, including principal and interest. The assessee's claim that the papers were only rough workings was rejected on the facts. Concurrent findings of the lower authorities, being based on evidence and not shown to be perverse or unsupported, did not raise any substantial question of law for appellate interference. The additions based on the seized document were therefore sustained, and the appellate challenge failed. Case-Laws Income Tax Tue, 07 Feb 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211930