https://www.taxtmi.com/caselaws?id=178263 ITAT Jaipur allowed the assessee's appeal and deleted the addition made as undisclosed income based on alleged "on-money" receipts. The Tribunal held that the AO violated principles of natural justice by relying on statements and documents seized from a third party without furnishing all such materials to the assessee or affording an opportunity for cross-examination. It further held that the presumption under s. 292C does not extend to third-party documents and is in any case rebuttable. Secondary evidence, including fund flow statements, was found unreliable as neither the author nor relevant witnesses were produced. Consequently, the declared sale consideration in the registered documents was accepted. en-us Sat, 31 Dec 2011 00:00:00 +0530 Wed, 03 Dec 2025 13:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178263 ITAT Jaipur allowed the assessee's appeal and deleted the addition made as undisclosed income based on alleged "on-money" receipts. The Tribunal held that the AO violated principles of natural justice by relying on statements and documents seized from a third party without furnishing all such materials to the assessee or affording an opportunity for cross-examination. It further held that the presumption under s. 292C does not extend to third-party documents and is in any case rebuttable. Secondary evidence, including fund flow statements, was found unreliable as neither the author nor relevant witnesses were produced. Consequently, the declared sale consideration in the registered documents was accepted. Case-Laws Income Tax Sat, 31 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178263