https://www.taxtmi.com/caselaws?id=781527 ITAT held that the AO's reliance solely on statements recorded u/s 132(4) and ambiguous incriminating documents, without confronting evidentiary aspects or establishing cogent corroboration, was unsustainable. The tribunal found the assessee's post-search explanation of a food-grain trading theory not conclusively disproved by the record and concluded the AO's additions lacked substantive evidentiary value; CIT(A)'s endorsement was erroneous. The grounds challenging the additions were allowed and the impugned additions were set aside. en-us Thu, 30 Oct 2025 00:00:00 +0530 Fri, 14 Nov 2025 14:57:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781527 ITAT held that the AO's reliance solely on statements recorded u/s 132(4) and ambiguous incriminating documents, without confronting evidentiary aspects or establishing cogent corroboration, was unsustainable. The tribunal found the assessee's post-search explanation of a food-grain trading theory not conclusively disproved by the record and concluded the AO's additions lacked substantive evidentiary value; CIT(A)'s endorsement was erroneous. The grounds challenging the additions were allowed and the impugned additions were set aside. Case-Laws Income Tax Thu, 30 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781527