https://www.taxtmi.com/caselaws?id=765108 An addition for alleged on-money payment on immovable property purchase could not be sustained where it rested on third-party pen drive entries and statements that were neither confronted to the assessee nor tested through cross-examination, and where no independent corroboration linked the alleged cash payment to the assessee. The ITAT held that such unverified third-party material, without observance of natural justice and reliability checks, could not constitute credible evidence. The addition was deleted in favour of the assessee. en-us Tue, 14 Jan 2025 00:00:00 +0530 Sat, 25 Jan 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765108 An addition for alleged on-money payment on immovable property purchase could not be sustained where it rested on third-party pen drive entries and statements that were neither confronted to the assessee nor tested through cross-examination, and where no independent corroboration linked the alleged cash payment to the assessee. The ITAT held that such unverified third-party material, without observance of natural justice and reliability checks, could not constitute credible evidence. The addition was deleted in favour of the assessee. Case-Laws Income Tax Tue, 14 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765108