https://www.taxtmi.com/caselaws?id=188829 Photocopies of agreements to sell recovered during survey from a third party, without originals, proof of linkage to the assessees, or independent corroboration, cannot by themselves sustain additions. The Revenue failed to establish any nexus with the assessees, did not examine the sellers, purchasers, or related concerns, and brought no evidence that the alleged transactions were actually acted upon. In the absence of proof of extra consideration, investment, or profit, the photocopies had little evidentiary value. The additions were therefore deleted and the Revenue's appeals failed. en-us Tue, 20 Sep 2016 00:00:00 +0530 Sat, 17 Dec 2016 12:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188829 Photocopies of agreements to sell recovered during survey from a third party, without originals, proof of linkage to the assessees, or independent corroboration, cannot by themselves sustain additions. The Revenue failed to establish any nexus with the assessees, did not examine the sellers, purchasers, or related concerns, and brought no evidence that the alleged transactions were actually acted upon. In the absence of proof of extra consideration, investment, or profit, the photocopies had little evidentiary value. The additions were therefore deleted and the Revenue's appeals failed. Case-Laws Income Tax Tue, 20 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188829