https://www.taxtmi.com/caselaws?id=415394 The Tribunal upheld the legality of proceedings under Section 153C of the Income Tax Act, finding that the seized documents directly linked the assessee to the search. However, the addition of Rs. 8,50,000 under Section 69 was deleted as it was solely based on an uncorroborated statement without allowing for cross-examination, violating principles of natural justice. The Tribunal emphasized the importance of written evidence over oral statements and overturned the addition due to lack of strong evidence. The appeal was partly allowed with the deletion of the Rs. 8,50,000 addition. en-us Mon, 09 Aug 2021 00:00:00 +0530 Fri, 03 Dec 2021 20:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415394 The Tribunal upheld the legality of proceedings under Section 153C of the Income Tax Act, finding that the seized documents directly linked the assessee to the search. However, the addition of Rs. 8,50,000 under Section 69 was deleted as it was solely based on an uncorroborated statement without allowing for cross-examination, violating principles of natural justice. The Tribunal emphasized the importance of written evidence over oral statements and overturned the addition due to lack of strong evidence. The appeal was partly allowed with the deletion of the Rs. 8,50,000 addition. Case-Laws Income Tax Mon, 09 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415394