https://www.taxtmi.com/caselaws?id=421515 An addition based on seized material found at a third party's premises was held unsustainable because the documents were not directly linked to the assessee, the notings and abbreviations were not independently corroborated, and no enquiry established the alleged cash transactions; the deletion by the first appellate authority was upheld. For vacant flats, annual letting value was accepted on the basis of municipal ratable value, as the issue had already been decided in the assessee's favour in earlier years and no distinguishing basis was shown. The Revenue's challenge therefore failed, and the relief granted below was maintained in full. en-us Fri, 22 Apr 2022 00:00:00 +0530 Wed, 25 Mar 2026 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421515 An addition based on seized material found at a third party's premises was held unsustainable because the documents were not directly linked to the assessee, the notings and abbreviations were not independently corroborated, and no enquiry established the alleged cash transactions; the deletion by the first appellate authority was upheld. For vacant flats, annual letting value was accepted on the basis of municipal ratable value, as the issue had already been decided in the assessee's favour in earlier years and no distinguishing basis was shown. The Revenue's challenge therefore failed, and the relief granted below was maintained in full. Case-Laws Income Tax Fri, 22 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421515