https://www.taxtmi.com/caselaws?id=786655 Addition under Section 69A was found unsustainable where revenue failed to prove receipt or possession by the assessee: the AO relied on a third party Resolution Professional report without independent evidence linking receipts from multiple investors to the assessee, produced no bank or date/mode of transaction particulars, and did not file a remand/clarification report despite requests. The appellate authority's acceptance of a charge was insufficient in the absence of evidentiary foundation; accordingly the addition was deleted for want of proof and the revenue's claim failed. en-us Fri, 06 Feb 2026 00:00:00 +0530 Tue, 17 Feb 2026 07:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786655 Addition under Section 69A was found unsustainable where revenue failed to prove receipt or possession by the assessee: the AO relied on a third party Resolution Professional report without independent evidence linking receipts from multiple investors to the assessee, produced no bank or date/mode of transaction particulars, and did not file a remand/clarification report despite requests. The appellate authority's acceptance of a charge was insufficient in the absence of evidentiary foundation; accordingly the addition was deleted for want of proof and the revenue's claim failed. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786655