https://www.taxtmi.com/caselaws?id=458150 Section 69A cannot be invoked merely from a seized diary notation such as "1.45 cash" unless the Revenue establishes ownership of unaccounted money and links the entry to an actual undisclosed payment or transaction. A solitary, unexplained noting, without proof of cash found in the assessee's possession or corroborative material showing the source or manner of payment, is insufficient to sustain an addition. Where the assessee offers a plausible explanation supported by surrounding facts and the assessment record does not rebut it with evidence, the deletion of the addition is justified and is sustained. en-us Tue, 07 Nov 2023 00:00:00 +0530 Thu, 10 Oct 2024 20:50:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458150 Section 69A cannot be invoked merely from a seized diary notation such as "1.45 cash" unless the Revenue establishes ownership of unaccounted money and links the entry to an actual undisclosed payment or transaction. A solitary, unexplained noting, without proof of cash found in the assessee's possession or corroborative material showing the source or manner of payment, is insufficient to sustain an addition. Where the assessee offers a plausible explanation supported by surrounding facts and the assessment record does not rebut it with evidence, the deletion of the addition is justified and is sustained. Case-Laws Income Tax Tue, 07 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458150