https://www.taxtmi.com/caselaws?id=178999 An addition for unexplained money-lending could not be sustained where it rested only on a seized notebook and loose slips previously treated as dumb documents. The Tribunal held that such entries, without independent corroborative evidence, were insufficient to establish undisclosed activity. It also found that the Assessing Officer was bound to comply strictly with the remand directions, including furnishing opportunity for cross-examination where required, and could not repeat the discarded basis of addition. On those facts, deletion of the addition was justified and the Revenue's challenge failed. en-us Fri, 28 Jun 2013 00:00:00 +0530 Wed, 17 Feb 2016 18:46:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178999 An addition for unexplained money-lending could not be sustained where it rested only on a seized notebook and loose slips previously treated as dumb documents. The Tribunal held that such entries, without independent corroborative evidence, were insufficient to establish undisclosed activity. It also found that the Assessing Officer was bound to comply strictly with the remand directions, including furnishing opportunity for cross-examination where required, and could not repeat the discarded basis of addition. On those facts, deletion of the addition was justified and the Revenue's challenge failed. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178999