https://www.taxtmi.com/caselaws?id=773011 Third-party seized documents, without independent material linking the entries to the assessee, could not sustain an addition for alleged unexplained cash investment. The Revenue failed to prove that the initials in the papers referred to the assessee, and there was no corroboration through signature, handwriting, or other convincing evidence. A retracted statement, standing alone, had limited evidentiary value and could not support the addition. Refusal to allow cross-examination of the witness whose statement formed the basis of the demand also offended natural justice. On these facts, the principal addition and the related interest addition were deleted as unsustainable. en-us Mon, 02 Jun 2025 00:00:00 +0530 Tue, 17 Jun 2025 07:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773011 Third-party seized documents, without independent material linking the entries to the assessee, could not sustain an addition for alleged unexplained cash investment. The Revenue failed to prove that the initials in the papers referred to the assessee, and there was no corroboration through signature, handwriting, or other convincing evidence. A retracted statement, standing alone, had limited evidentiary value and could not support the addition. Refusal to allow cross-examination of the witness whose statement formed the basis of the demand also offended natural justice. On these facts, the principal addition and the related interest addition were deleted as unsustainable. Case-Laws Income Tax Mon, 02 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773011