https://www.taxtmi.com/caselaws?id=773347 Loose sheets recovered from a third party, unsupported by independent enquiry or corroborative evidence, were held insufficient to prove that they belonged to the assessee or that alleged cash payments were made by it. The Tribunal applied the settled principle that loose sheets alone have no evidentiary value to sustain an addition under section 69C. The addition was therefore unsustainable and was deleted. en-us Thu, 15 May 2025 00:00:00 +0530 Fri, 20 Jun 2025 14:24:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773347 Loose sheets recovered from a third party, unsupported by independent enquiry or corroborative evidence, were held insufficient to prove that they belonged to the assessee or that alleged cash payments were made by it. The Tribunal applied the settled principle that loose sheets alone have no evidentiary value to sustain an addition under section 69C. The addition was therefore unsustainable and was deleted. Case-Laws Income Tax Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773347