https://www.taxtmi.com/caselaws?id=765219 ITAT Delhi upheld additions under section 69A based on unexplained items found in diary during search proceedings. The AO initially made additions for all diary entries, but CIT(A) restricted additions only to entries reflected in books of accounts. ITAT ruled that loose sheets seized under section 132 constitute valid documents with evidentiary value, citing Madras HC precedent. The tribunal rejected the assessee's argument regarding incorrect section citation, holding it non-fatal. Decision favored revenue department against the assessee. en-us Wed, 15 Jan 2025 00:00:00 +0530 Tue, 28 Jan 2025 08:24:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765219 ITAT Delhi upheld additions under section 69A based on unexplained items found in diary during search proceedings. The AO initially made additions for all diary entries, but CIT(A) restricted additions only to entries reflected in books of accounts. ITAT ruled that loose sheets seized under section 132 constitute valid documents with evidentiary value, citing Madras HC precedent. The tribunal rejected the assessee's argument regarding incorrect section citation, holding it non-fatal. Decision favored revenue department against the assessee. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765219