https://www.taxtmi.com/caselaws?id=763972 Unattributed seized loose papers, without independent corroboration, cannot alone support an income addition. Where a paper neither bears the assessee's signature nor is shown to have been prepared by the assessee or its staff, proper enquiry from relevant third parties and supporting search material are required. An unrebutted explanation that the recorded figure relates to accounted transactions must be tested through enquiry; suspicion or presumption cannot substitute proof. Delay in filing may be condoned where the appeal and fee were timely submitted but registry filing was delayed through counsel staff's inadvertence, supported by affidavit and documents. en-us Mon, 30 Dec 2024 00:00:00 +0530 Wed, 01 Jan 2025 08:33:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763972 Unattributed seized loose papers, without independent corroboration, cannot alone support an income addition. Where a paper neither bears the assessee's signature nor is shown to have been prepared by the assessee or its staff, proper enquiry from relevant third parties and supporting search material are required. An unrebutted explanation that the recorded figure relates to accounted transactions must be tested through enquiry; suspicion or presumption cannot substitute proof. Delay in filing may be condoned where the appeal and fee were timely submitted but registry filing was delayed through counsel staff's inadvertence, supported by affidavit and documents. Case-Laws Income Tax Mon, 30 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763972