https://www.taxtmi.com/caselaws?id=783376 ITAT Chennai allowed the assessee's appeal and deleted the addition made u/s 69B r.w.s. 115BBE on account of alleged "on-money" for land purchase. It held that the loose sheets and notings, seized from a third party and not in the handwriting of the assessee or vendors, were "dumb documents" lacking evidentiary value. The entries did not identify payer, payee, or transaction nature, and no independent, credible corroborative evidence of actual cash flow was produced. ITAT affirmed the CIT(A)'s finding that the AO's addition was based on mere suspicion and an uncorroborated, retracted statement, and was therefore unsustainable in law. en-us Fri, 05 Dec 2025 00:00:00 +0530 Mon, 15 Dec 2025 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783376 ITAT Chennai allowed the assessee's appeal and deleted the addition made u/s 69B r.w.s. 115BBE on account of alleged "on-money" for land purchase. It held that the loose sheets and notings, seized from a third party and not in the handwriting of the assessee or vendors, were "dumb documents" lacking evidentiary value. The entries did not identify payer, payee, or transaction nature, and no independent, credible corroborative evidence of actual cash flow was produced. ITAT affirmed the CIT(A)'s finding that the AO's addition was based on mere suspicion and an uncorroborated, retracted statement, and was therefore unsustainable in law. Case-Laws Income Tax Fri, 05 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783376