https://www.taxtmi.com/caselaws?id=428563 Addition for alleged cash investment in land was unsustainable where the seized papers came from a third party, the assessee consistently denied any transaction, and no corroborative evidence established a reliable nexus between the material and the assessee. The analysis found no independent proof of participation, no verification of the alleged signatures, and no basis to rely on the third party's statement alone. Earlier settlement proceedings on the same land transaction had also recorded that the material did not establish the claimed link. On these facts, the addition was directed to be deleted. en-us Fri, 30 Sep 2022 00:00:00 +0530 Tue, 04 Oct 2022 08:52:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428563 Addition for alleged cash investment in land was unsustainable where the seized papers came from a third party, the assessee consistently denied any transaction, and no corroborative evidence established a reliable nexus between the material and the assessee. The analysis found no independent proof of participation, no verification of the alleged signatures, and no basis to rely on the third party's statement alone. Earlier settlement proceedings on the same land transaction had also recorded that the material did not establish the claimed link. On these facts, the addition was directed to be deleted. Case-Laws Income Tax Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428563