https://www.taxtmi.com/caselaws?id=333971 Third-party loose papers and statements could not sustain additions without corroboration or cross-examination, so the related addition was deleted. Declared agricultural income was accepted where land records, a cultivation agreement, and a crop certificate supported the claim and no contrary enquiry was made. Interest on borrowed funds was not disallowable where advances were made for business expediency to connected concerns. The short-term capital gain claim on share transactions required fresh verification of broker records, delivery, and Demat movement, so that issue was remitted. Cash found during search was explained through family books and was not treated as unexplained. en-us Fri, 26 Aug 2016 00:00:00 +0530 Sat, 29 Oct 2016 11:15:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333971 Third-party loose papers and statements could not sustain additions without corroboration or cross-examination, so the related addition was deleted. Declared agricultural income was accepted where land records, a cultivation agreement, and a crop certificate supported the claim and no contrary enquiry was made. Interest on borrowed funds was not disallowable where advances were made for business expediency to connected concerns. The short-term capital gain claim on share transactions required fresh verification of broker records, delivery, and Demat movement, so that issue was remitted. Cash found during search was explained through family books and was not treated as unexplained. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333971