https://www.taxtmi.com/caselaws?id=184870 An addition for alleged on-money receipts based on seized loose papers could not be sustained where the material related only to one flat and did not provide cogent evidence for a blanket addition across other flats or later assessment years. The HC noted that, in the assessee's own earlier year, extrapolation had already been rejected as impermissible where the addition rested on guesswork rather than reliable evidence. Applying that reasoning, the year's addition was treated as repetitive and presumptive, not evidence-based, and the deletion of the on-money addition was upheld. en-us Wed, 18 Jul 2012 00:00:00 +0530 Mon, 19 Feb 2018 14:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184870 An addition for alleged on-money receipts based on seized loose papers could not be sustained where the material related only to one flat and did not provide cogent evidence for a blanket addition across other flats or later assessment years. The HC noted that, in the assessee's own earlier year, extrapolation had already been rejected as impermissible where the addition rested on guesswork rather than reliable evidence. Applying that reasoning, the year's addition was treated as repetitive and presumptive, not evidence-based, and the deletion of the on-money addition was upheld. Case-Laws Income Tax Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184870