https://www.taxtmi.com/caselaws?id=414578 A presumption arising from seized documents is rebuttable, and the addition could not stand where the assessee produced confirmations and ledger details showing that the cash entries represented client collections for expenses, not its income. Once that explanation was furnished, the burden shifted to the revenue to make enquiries and produce corroborative material; no effective enquiry was shown, and the addition rested mainly on a loose paper. In the absence of supporting evidence, a seized loose document alone was insufficient to sustain an addition of undisclosed income, so the addition was deleted. en-us Mon, 25 Oct 2021 00:00:00 +0530 Thu, 11 Nov 2021 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414578 A presumption arising from seized documents is rebuttable, and the addition could not stand where the assessee produced confirmations and ledger details showing that the cash entries represented client collections for expenses, not its income. Once that explanation was furnished, the burden shifted to the revenue to make enquiries and produce corroborative material; no effective enquiry was shown, and the addition rested mainly on a loose paper. In the absence of supporting evidence, a seized loose document alone was insufficient to sustain an addition of undisclosed income, so the addition was deleted. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414578