https://www.taxtmi.com/caselaws?id=169105 An addition in block assessment based on alleged accommodation entries and a searched person's statement could not be sustained without incriminating material showing actual unaccounted cash transactions. The loans were recorded in the regular books, and interest was paid with tax deduction at source, which undermined the inference of undisclosed income. In the absence of evidence that the assessee had paid cash and received accommodation cheques, the addition rested only on suspicion and a third-party statement. The addition was deleted and the assessee succeeded. en-us Fri, 24 Jan 2014 00:00:00 +0530 Mon, 06 Apr 2015 21:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169105 An addition in block assessment based on alleged accommodation entries and a searched person's statement could not be sustained without incriminating material showing actual unaccounted cash transactions. The loans were recorded in the regular books, and interest was paid with tax deduction at source, which undermined the inference of undisclosed income. In the absence of evidence that the assessee had paid cash and received accommodation cheques, the addition rested only on suspicion and a third-party statement. The addition was deleted and the assessee succeeded. Case-Laws Income Tax Fri, 24 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169105