https://www.taxtmi.com/caselaws?id=412971 ITAT Indore held that an income-tax addition cannot be sustained solely on a pencilled entry in loose papers seized from a third party during survey. Because the assessee denied the alleged cash donation and the material contained no independent corroboration linking the assessee to the transaction, the reassessment addition was based only on unverified third-party material and conjecture. The Tribunal applied the settled principle that admissions or references involving other persons cannot fasten liability on the assessee without plausible, independent evidence. The addition was therefore deleted. en-us Wed, 29 Sep 2021 00:00:00 +0530 Fri, 01 Oct 2021 08:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412971 ITAT Indore held that an income-tax addition cannot be sustained solely on a pencilled entry in loose papers seized from a third party during survey. Because the assessee denied the alleged cash donation and the material contained no independent corroboration linking the assessee to the transaction, the reassessment addition was based only on unverified third-party material and conjecture. The Tribunal applied the settled principle that admissions or references involving other persons cannot fasten liability on the assessee without plausible, independent evidence. The addition was therefore deleted. Case-Laws Income Tax Wed, 29 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412971