https://www.taxtmi.com/caselaws?id=418021 An addition for unexplained expenditure based solely on a seized paper could not be sustained where the assessee produced the agreement to sell and supporting material showing the agreed land price, prior cheque payments, and recorded cash entries. The surrounding circumstances also indicated that the transaction was never registered because the property was stated to be in a no-development green zone, and the seller denied receipt of any further cash. In the absence of corroborative evidence, the seized document was treated as insufficient to prove the alleged cash payment, and the impugned addition was deleted. en-us Mon, 20 Dec 2021 00:00:00 +0530 Mon, 07 Feb 2022 08:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418021 An addition for unexplained expenditure based solely on a seized paper could not be sustained where the assessee produced the agreement to sell and supporting material showing the agreed land price, prior cheque payments, and recorded cash entries. The surrounding circumstances also indicated that the transaction was never registered because the property was stated to be in a no-development green zone, and the seller denied receipt of any further cash. In the absence of corroborative evidence, the seized document was treated as insufficient to prove the alleged cash payment, and the impugned addition was deleted. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418021