https://www.taxtmi.com/caselaws?id=781251 ITAT DELHI - AT dismissed the revenue appeal, holding that additions under s.69 (unexplained investments) and s.68 (loan) were unsustainable. The tribunal found the additions rested on assumptions and uncorroborated statements and that incriminating material was recovered from third parties, not the assessee. Because the assessment was completed on the date of search and no evidence linking the seized material to the assessee existed, the CIT(A) correctly disallowed the additions and the AO's reliance on Investigation Wing information was rejected. en-us Fri, 29 Aug 2025 00:00:00 +0530 Tue, 11 Nov 2025 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781251 ITAT DELHI - AT dismissed the revenue appeal, holding that additions under s.69 (unexplained investments) and s.68 (loan) were unsustainable. The tribunal found the additions rested on assumptions and uncorroborated statements and that incriminating material was recovered from third parties, not the assessee. Because the assessment was completed on the date of search and no evidence linking the seized material to the assessee existed, the CIT(A) correctly disallowed the additions and the AO's reliance on Investigation Wing information was rejected. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781251