https://www.taxtmi.com/caselaws?id=783734 Additions under section 69 for alleged cash on-money in a shop purchase were deleted because the record did not show any such payment in the earlier assessment years, and the purchase was substantially booked in the later year. For the relevant year, the Revenue relied on a third-party statement and an Excel sheet from a pen drive, but the material was not confronted to the assessee, was uncorroborated by independent evidence, and cross-examination was denied. In the absence of credible and tested evidence, the alleged cash component could not sustain the addition. en-us Wed, 10 Dec 2025 00:00:00 +0530 Wed, 13 May 2026 18:29:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783734 Additions under section 69 for alleged cash on-money in a shop purchase were deleted because the record did not show any such payment in the earlier assessment years, and the purchase was substantially booked in the later year. For the relevant year, the Revenue relied on a third-party statement and an Excel sheet from a pen drive, but the material was not confronted to the assessee, was uncorroborated by independent evidence, and cross-examination was denied. In the absence of credible and tested evidence, the alleged cash component could not sustain the addition. Case-Laws Income Tax Wed, 10 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783734