https://www.taxtmi.com/caselaws?id=774897 ITAT Delhi allowed the assessee's appeal regarding addition under section 69A based on seized loose papers. The tribunal found that scribbling in seized documents did not establish the true nature of transactions or prove unexplained money. The AO failed to provide corroborative evidence despite having details of persons named in the papers. One individual denied any transaction when questioned. The tribunal deleted the entire addition as it was based on suspicion without supporting material. However, the tribunal dismissed the assessee's challenge to disallowance of expenses and unexplained cash addition, as this was previously confirmed by CIT(A) and not appealed by the assessee. en-us Fri, 04 Jul 2025 00:00:00 +0530 Sat, 07 Mar 2026 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774897 ITAT Delhi allowed the assessee's appeal regarding addition under section 69A based on seized loose papers. The tribunal found that scribbling in seized documents did not establish the true nature of transactions or prove unexplained money. The AO failed to provide corroborative evidence despite having details of persons named in the papers. One individual denied any transaction when questioned. The tribunal deleted the entire addition as it was based on suspicion without supporting material. However, the tribunal dismissed the assessee's challenge to disallowance of expenses and unexplained cash addition, as this was previously confirmed by CIT(A) and not appealed by the assessee. Case-Laws Income Tax Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774897