https://www.taxtmi.com/caselaws?id=303650 A loose paper found during survey, containing itemised entries of sale consideration, cheque payments and a cash component for transfer of land and machinery, was treated as corroborated evidence because it matched the registered sale deed in parties, property details, cheque numbers, dates and amounts. The partner's admitted handwriting and the surrounding transaction circumstances supported the inference that the paper reflected the actual deal, not a mere proposal. The absence of physical cash during survey did not negate the document's evidentiary value where the assessee failed to rebut its contents satisfactorily. The addition as unexplained cash receipt under section 69A was therefore upheld. en-us Wed, 30 Dec 2015 00:00:00 +0530 Thu, 04 Aug 2022 08:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303650 A loose paper found during survey, containing itemised entries of sale consideration, cheque payments and a cash component for transfer of land and machinery, was treated as corroborated evidence because it matched the registered sale deed in parties, property details, cheque numbers, dates and amounts. The partner's admitted handwriting and the surrounding transaction circumstances supported the inference that the paper reflected the actual deal, not a mere proposal. The absence of physical cash during survey did not negate the document's evidentiary value where the assessee failed to rebut its contents satisfactorily. The addition as unexplained cash receipt under section 69A was therefore upheld. Case-Laws Income Tax Wed, 30 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303650