https://www.taxtmi.com/caselaws?id=408301 Additions based solely on notings in a scribbling pad seized during search were unsustainable where the assessee explained that the entries reflected gross receipts already recorded in the regular books after commission and designing charges. The books were produced, no material defects were found, and the department brought no independent evidence of suppressed turnover, unaccounted assets, or unexplained expenditure. In the absence of corroboration or linkage between the loose entries and the regular records, the diary notings could not be treated as undisclosed income on mere estimate or presumption, and the additions were rightly deleted. en-us Mon, 24 May 2021 00:00:00 +0530 Sat, 05 Jun 2021 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408301 Additions based solely on notings in a scribbling pad seized during search were unsustainable where the assessee explained that the entries reflected gross receipts already recorded in the regular books after commission and designing charges. The books were produced, no material defects were found, and the department brought no independent evidence of suppressed turnover, unaccounted assets, or unexplained expenditure. In the absence of corroboration or linkage between the loose entries and the regular records, the diary notings could not be treated as undisclosed income on mere estimate or presumption, and the additions were rightly deleted. Case-Laws Income Tax Mon, 24 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408301