https://www.taxtmi.com/caselaws?id=467125 Whether an addition under the law for unexplained investment can rest solely on documents seized during a survey and a statement recorded under the statutory information-gathering provision was analysed: the principles applied require independent corroboration of statements under the information provision and that survey entries lacking key particulars or showing internal discrepancies cannot alone sustain an addition. The assessing officer's failure to conduct independent enquiries, verify summoned parties, or produce corroborative material meant the documentary matrix did not support the unexplained-investment addition, with the operative effect being deletion of the addition in favour of the assessee. en-us Fri, 21 Feb 2025 00:00:00 +0530 Fri, 06 Mar 2026 20:54:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467125 Whether an addition under the law for unexplained investment can rest solely on documents seized during a survey and a statement recorded under the statutory information-gathering provision was analysed: the principles applied require independent corroboration of statements under the information provision and that survey entries lacking key particulars or showing internal discrepancies cannot alone sustain an addition. The assessing officer's failure to conduct independent enquiries, verify summoned parties, or produce corroborative material meant the documentary matrix did not support the unexplained-investment addition, with the operative effect being deletion of the addition in favour of the assessee. Case-Laws Income Tax Fri, 21 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467125