https://www.taxtmi.com/caselaws?id=778692 Additions for unexplained income cannot be sustained merely on loose sheets, booking forms or whatsapp images where the material only reflects estimates or internal notings and no actual cash, bullion, jewellery or other valuable article is found. The seized material by itself has limited evidentiary value unless supported by independent corroboration, a money trail or other reliable evidence showing actual receipt of on-money or unexplained money. Customer statements denying on-money payments, if not contradicted by supporting proof, may rebut the Revenue's case. The stated ratio is that uncorroborated search material cannot justify additions unless actual receipt or ownership is established through independent and reliable evidence. en-us Tue, 21 Jan 2025 00:00:00 +0530 Thu, 18 Sep 2025 16:11:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778692 Additions for unexplained income cannot be sustained merely on loose sheets, booking forms or whatsapp images where the material only reflects estimates or internal notings and no actual cash, bullion, jewellery or other valuable article is found. The seized material by itself has limited evidentiary value unless supported by independent corroboration, a money trail or other reliable evidence showing actual receipt of on-money or unexplained money. Customer statements denying on-money payments, if not contradicted by supporting proof, may rebut the Revenue's case. The stated ratio is that uncorroborated search material cannot justify additions unless actual receipt or ownership is established through independent and reliable evidence. Case-Laws Income Tax Tue, 21 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778692