https://www.taxtmi.com/article/detailed?id=9694 Non speaking seized records called Dumb Documents do not by themselves support tax additions; the deeming fiction under Section 132(4A) read with Section 292C is rebuttable and insufficient. Additions arising from search depend on assessments under relevant charging provisions and require independent, corroborative evidence - such as bank entries, investments outside books, promissory notes, loan agreements or witness statements - to establish that the notings represent taxable transactions. Absent such corroboration, loose papers, unsigned diary entries and undated slips lack evidentiary value and cannot form the sole basis for taxing undisclosed income. en-us Sat, 27 Feb 2021 10:58:45 +0530 Sat, 27 Feb 2021 11:13:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9694 Non speaking seized records called Dumb Documents do not by themselves support tax additions; the deeming fiction under Section 132(4A) read with Section 292C is rebuttable and insufficient. Additions arising from search depend on assessments under relevant charging provisions and require independent, corroborative evidence - such as bank entries, investments outside books, promissory notes, loan agreements or witness statements - to establish that the notings represent taxable transactions. Absent such corroboration, loose papers, unsigned diary entries and undated slips lack evidentiary value and cannot form the sole basis for taxing undisclosed income. Articles Income Tax Sat, 27 Feb 2021 10:58:45 +0530 https://www.taxtmi.com/article/detailed?id=9694