https://www.taxtmi.com/highlights?id=97157 Addition under section 69 raised on a protective basis was set aside where seized third party material and statements did not explicitly prove cash 'on money' payments and the assessee denied such payments; ITAT held that reliance on limited third party evidence without corroboration is insufficient to attribute payments to the assessee. The tribunal also noted that a substantive addition against the closely connected brother had been deleted on merits by the first appellate authority, and therefore the protective addition against the assessee could not survive; appeal allowed. en-us Wed, 25 Feb 2026 11:52:16 +0530 Wed, 25 Feb 2026 11:52:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97157 Addition under section 69 raised on a protective basis was set aside where seized third party material and statements did not explicitly prove cash 'on money' payments and the assessee denied such payments; ITAT held that reliance on limited third party evidence without corroboration is insufficient to attribute payments to the assessee. The tribunal also noted that a substantive addition against the closely connected brother had been deleted on merits by the first appellate authority, and therefore the protective addition against the assessee could not survive; appeal allowed. Highlights Income Tax Wed, 25 Feb 2026 11:52:16 +0530 https://www.taxtmi.com/highlights?id=97157