https://www.taxtmi.com/caselaws?id=260683 Additions based on seized papers found from a third party and a third party's statement were held unsustainable where no incriminating material was found from the assessee's premises, the assessee denied receipt, and cross-examination was not allowed. The Tribunal held that the search presumption applies against the person from whom the documents were seized, not automatically against another person, and that uncorroborated third-party material was insufficient to prove undisclosed income in the assessee's hands. Reliance on deemed taxation under section 56(2)(vi) also failed because receipt itself was not established. The additions were deleted. en-us Fri, 12 Jun 2015 00:00:00 +0530 Sat, 02 May 2026 11:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260683 Additions based on seized papers found from a third party and a third party's statement were held unsustainable where no incriminating material was found from the assessee's premises, the assessee denied receipt, and cross-examination was not allowed. The Tribunal held that the search presumption applies against the person from whom the documents were seized, not automatically against another person, and that uncorroborated third-party material was insufficient to prove undisclosed income in the assessee's hands. Reliance on deemed taxation under section 56(2)(vi) also failed because receipt itself was not established. The additions were deleted. Case-Laws Income Tax Fri, 12 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260683