https://www.taxtmi.com/caselaws?id=31846 HC held that additions based solely on entries in seized diaries, without corroborative evidence, cannot be sustained. The court reiterated that while the assessee must explain seized documents and any discrepancies with books, once a plausible explanation is supported by evidence the burden shifts to Revenue to disprove it. Because the Assessing Officer's findings rested on presumptions and assumptions without corroboration, the Commissioner (Appeals) correctly deleted the additions for all years and Revenue's appeals were dismissed. en-us Fri, 20 Jul 2007 00:00:00 +0530 Mon, 15 Sep 2025 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=31846 HC held that additions based solely on entries in seized diaries, without corroborative evidence, cannot be sustained. The court reiterated that while the assessee must explain seized documents and any discrepancies with books, once a plausible explanation is supported by evidence the burden shifts to Revenue to disprove it. Because the Assessing Officer's findings rested on presumptions and assumptions without corroboration, the Commissioner (Appeals) correctly deleted the additions for all years and Revenue's appeals were dismissed. Case-Laws Income Tax Fri, 20 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=31846