https://www.taxtmi.com/caselaws?id=435714 Additions under sections 69, 69B and 69A were rejected where the seized material did not independently establish unexplained money, investment or receipt of the assessee in the relevant year. Alleged cash loans and interest were explained from available cash and later-taxed interest, so section 69 could not apply. Loose registers and papers were treated as dumb documents linked to the firm or left uncorroborated, so additions for unaccounted investment and notional profit under section 69B failed. An alleged cash receipt was treated as an advance for plot booking, not proved sale income, so section 69A also failed. en-us Wed, 15 Mar 2023 00:00:00 +0530 Thu, 23 Mar 2023 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435714 Additions under sections 69, 69B and 69A were rejected where the seized material did not independently establish unexplained money, investment or receipt of the assessee in the relevant year. Alleged cash loans and interest were explained from available cash and later-taxed interest, so section 69 could not apply. Loose registers and papers were treated as dumb documents linked to the firm or left uncorroborated, so additions for unaccounted investment and notional profit under section 69B failed. An alleged cash receipt was treated as an advance for plot booking, not proved sale income, so section 69A also failed. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435714