https://www.taxtmi.com/caselaws?id=260964 An addition for alleged accrued interest based on a seized third-party paper was unsustainable because the document was not in the assessee's handwriting, was unsigned by her, and was found at another person's premises. Read with the seizing person's statement and letter, the paper showed only an estimate of loss for settlement purposes, not proof that interest was actually received or had accrued. As the Revenue produced no corroborative material to show property transfer or any other act establishing accrual, the Department failed to discharge the burden of proving a contrary inference. The deletion of the addition was therefore upheld. en-us Wed, 10 Jun 2015 00:00:00 +0530 Mon, 29 Jun 2015 06:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260964 An addition for alleged accrued interest based on a seized third-party paper was unsustainable because the document was not in the assessee's handwriting, was unsigned by her, and was found at another person's premises. Read with the seizing person's statement and letter, the paper showed only an estimate of loss for settlement purposes, not proof that interest was actually received or had accrued. As the Revenue produced no corroborative material to show property transfer or any other act establishing accrual, the Department failed to discharge the burden of proving a contrary inference. The deletion of the addition was therefore upheld. Case-Laws Income Tax Wed, 10 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260964