https://www.taxtmi.com/caselaws?id=783126 ITAT allowed the assessee's appeals and upheld the CIT(A)'s deletion of additions made under ss. 68 and 69A. It held that the seized day-cash-book/diary of a third-party group, found from premises of another concern, was a mere "dumb document" lacking evidentiary value in the absence of corroboration. The unilateral decoding of dates and amounts by the AO, without examining the author of the document, any connected person, or establishing a one-to-one nexus with the assessee's cheque transactions or books, amounted to conjecture. As the seized loose papers neither named the assessee nor correlated with bank statements, audited accounts, confirmations, or other primary evidence, the additions were unsustainable. The matter was decided in favour of the assessee for all years. en-us Fri, 05 Dec 2025 00:00:00 +0530 Wed, 10 Dec 2025 08:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783126 ITAT allowed the assessee's appeals and upheld the CIT(A)'s deletion of additions made under ss. 68 and 69A. It held that the seized day-cash-book/diary of a third-party group, found from premises of another concern, was a mere "dumb document" lacking evidentiary value in the absence of corroboration. The unilateral decoding of dates and amounts by the AO, without examining the author of the document, any connected person, or establishing a one-to-one nexus with the assessee's cheque transactions or books, amounted to conjecture. As the seized loose papers neither named the assessee nor correlated with bank statements, audited accounts, confirmations, or other primary evidence, the additions were unsustainable. The matter was decided in favour of the assessee for all years. Case-Laws Income Tax Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783126