https://www.taxtmi.com/caselaws?id=774593 Third-party loose-sheet entries, without independent corroboration and a clear evidentiary link to the assessee, cannot sustain an addition in the assessee's hands. The search presumption operated against the person from whose premises the material was seized, not automatically against the assessee, and the notings did not clearly establish the alleged transactions. As the Revenue produced no supporting evidence such as acknowledgments, loan documents, bank trail, or other corroborative material, the addition based only on those entries was unsustainable and was deleted. en-us Mon, 30 Jun 2025 00:00:00 +0530 Fri, 11 Jul 2025 08:39:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774593 Third-party loose-sheet entries, without independent corroboration and a clear evidentiary link to the assessee, cannot sustain an addition in the assessee's hands. The search presumption operated against the person from whose premises the material was seized, not automatically against the assessee, and the notings did not clearly establish the alleged transactions. As the Revenue produced no supporting evidence such as acknowledgments, loan documents, bank trail, or other corroborative material, the addition based only on those entries was unsustainable and was deleted. Case-Laws Income Tax Mon, 30 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774593