https://www.taxtmi.com/caselaws?id=465997 Additions for alleged on-money received by a property seller require proof of actual payment and a demonstrated nexus between seized material and the seller. Loose-sheet or diary entries recovered from a third party, including statements recorded during search, cannot alone establish undisclosed income where they lack corroborative or circumstantial evidence. Independent enquiry into property valuation or under-valuation and other reliable material are necessary before third-party notings can be treated as evidence of extra sale consideration. In the absence of such evidence, the addition is unsustainable, must be deleted, and the Revenue appeal fails. en-us Tue, 07 Mar 2017 00:00:00 +0530 Tue, 20 Jan 2026 06:30:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465997 Additions for alleged on-money received by a property seller require proof of actual payment and a demonstrated nexus between seized material and the seller. Loose-sheet or diary entries recovered from a third party, including statements recorded during search, cannot alone establish undisclosed income where they lack corroborative or circumstantial evidence. Independent enquiry into property valuation or under-valuation and other reliable material are necessary before third-party notings can be treated as evidence of extra sale consideration. In the absence of such evidence, the addition is unsustainable, must be deleted, and the Revenue appeal fails. Case-Laws Income Tax Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465997