https://www.taxtmi.com/caselaws?id=778952 ITAT (Jaipur) allowed the appeal and set aside additions under s.69 (taxed under s.115BBE) relating to alleged undisclosed cash payment for land purchase and house construction. The tribunal found the AO and CIT(A) relied solely on search statements without independent inquiries, while books of account and bank records produced during assessment contradicted the admissions. The onus to prove unexplained investment was not discharged and the books could not be rejected on conjecture; the AO was directed to delete the additions. en-us Wed, 17 Sep 2025 00:00:00 +0530 Thu, 25 Sep 2025 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778952 ITAT (Jaipur) allowed the appeal and set aside additions under s.69 (taxed under s.115BBE) relating to alleged undisclosed cash payment for land purchase and house construction. The tribunal found the AO and CIT(A) relied solely on search statements without independent inquiries, while books of account and bank records produced during assessment contradicted the admissions. The onus to prove unexplained investment was not discharged and the books could not be rejected on conjecture; the AO was directed to delete the additions. Case-Laws Income Tax Wed, 17 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778952