https://www.taxtmi.com/caselaws?id=777129 Loose papers found in search, if unsigned, undated and unsupported by independent incriminating material, cannot by themselves sustain additions for alleged unaccounted sales or investment. A retracted statement recorded during search also has limited evidentiary value and, without corroboration, cannot justify an addition. The article applies the settled principle that suspicion, guesswork or entries not independently linked to undisclosed transactions do not amount to proof. On these facts, the additions based on the loose papers and the retracted statement were deleted. en-us Thu, 31 Jul 2025 00:00:00 +0530 Mon, 25 Aug 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777129 Loose papers found in search, if unsigned, undated and unsupported by independent incriminating material, cannot by themselves sustain additions for alleged unaccounted sales or investment. A retracted statement recorded during search also has limited evidentiary value and, without corroboration, cannot justify an addition. The article applies the settled principle that suspicion, guesswork or entries not independently linked to undisclosed transactions do not amount to proof. On these facts, the additions based on the loose papers and the retracted statement were deleted. Case-Laws Income Tax Thu, 31 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777129