https://www.taxtmi.com/caselaws?id=465997 Loose sheet notings and third-party diary entries cannot alone establish undisclosed income; additions based solely on such documents require independent corroborative evidence and enquiry. The note of cash payment over and above registered consideration, when unsupported by corroboration or circumstantial evidence and without independent investigation, does not justify an income addition and must be deleted. The document clarifies that evidentiary value of loose sheets found in third-party premises is insufficient by itself to prove on-money transactions, and revenues additions on that basis are liable to be rejected. 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 Loose sheet notings and third-party diary entries cannot alone establish undisclosed income; additions based solely on such documents require independent corroborative evidence and enquiry. The note of cash payment over and above registered consideration, when unsupported by corroboration or circumstantial evidence and without independent investigation, does not justify an income addition and must be deleted. The document clarifies that evidentiary value of loose sheets found in third-party premises is insufficient by itself to prove on-money transactions, and revenues additions on that basis are liable to be rejected. Case-Laws Income Tax Tue, 07 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465997