https://www.taxtmi.com/caselaws?id=777613 ITAT, DELHI allowed the appeal, holding that additions based on impounded documents seized during survey could not be sustained against the assessee. The tribunal found the documents related to third parties and the assessee acted as a property broker, so the material had to be read in the assessee's favour; Section 292C is double-edged. The AO failed to verify third-party records or use statutory powers to summon parties, and the impounded papers were not self-speaking to attribute income to the assessee. Accordingly, additions made on general assumptions were cancelled and the grounds were allowed for the assessee. en-us Fri, 29 Aug 2025 00:00:00 +0530 Tue, 02 Sep 2025 08:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777613 ITAT, DELHI allowed the appeal, holding that additions based on impounded documents seized during survey could not be sustained against the assessee. The tribunal found the documents related to third parties and the assessee acted as a property broker, so the material had to be read in the assessee's favour; Section 292C is double-edged. The AO failed to verify third-party records or use statutory powers to summon parties, and the impounded papers were not self-speaking to attribute income to the assessee. Accordingly, additions made on general assumptions were cancelled and the grounds were allowed for the assessee. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777613