https://www.taxtmi.com/caselaws?id=242442 HC upheld additions to income based on loose-sheet entries and lease evidence, finding the lease for the period existed and diary entries showed higher rent. Treating seized loose sheets as documents under s.158B(b) attracted the s.132(4A) presumption, obliging the assessee to produce rebuttal evidence. As no effective rebuttal was adduced, concurrent findings by AO and CIT(A) were sustained and the Tribunal's confirmation of the additions was affirmed; decision against the assessee. en-us Thu, 09 Jan 2014 00:00:00 +0530 Sat, 13 Sep 2025 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242442 HC upheld additions to income based on loose-sheet entries and lease evidence, finding the lease for the period existed and diary entries showed higher rent. Treating seized loose sheets as documents under s.158B(b) attracted the s.132(4A) presumption, obliging the assessee to produce rebuttal evidence. As no effective rebuttal was adduced, concurrent findings by AO and CIT(A) were sustained and the Tribunal's confirmation of the additions was affirmed; decision against the assessee. Case-Laws Income Tax Thu, 09 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242442