https://www.taxtmi.com/caselaws?id=772702 ITAT Hyderabad upheld addition under section 69 of Income Tax Act based on seized documents during search operation. Assessee admitted in sworn statement under section 132(4) making cash payment of Rs. 50 lakhs to property developer as advance. Tribunal rejected assessee's contention that seized document was 'dumb document', finding it corroborated by sale agreement and assessee's own admission. Assessee failed to prove payment from known sources despite claiming funds were withdrawn from partnership firm. Addition sustained as assessee could not provide sufficient documentary evidence for source of cash payment. en-us Mon, 09 Jun 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772702 ITAT Hyderabad upheld addition under section 69 of Income Tax Act based on seized documents during search operation. Assessee admitted in sworn statement under section 132(4) making cash payment of Rs. 50 lakhs to property developer as advance. Tribunal rejected assessee's contention that seized document was 'dumb document', finding it corroborated by sale agreement and assessee's own admission. Assessee failed to prove payment from known sources despite claiming funds were withdrawn from partnership firm. Addition sustained as assessee could not provide sufficient documentary evidence for source of cash payment. Case-Laws Income Tax Mon, 09 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772702