https://www.taxtmi.com/caselaws?id=787927 Seized loose-sheet entries alone cannot be converted into taxable income in reassessment proceedings without independent corroboration; the piece of evidence must demonstrate payment or be supported by contemporaneous proof to attribute 'on money' to the assessee. Applying this evidentiary principle in a Section 147 reassessment context, the Tribunal found the seized entries referencing the assessee insufficient to sustain an addition, and therefore the impugned addition was deleted with the appeal allowed in favour of the assessee. en-us Wed, 18 Feb 2026 00:00:00 +0530 Sat, 14 Mar 2026 08:36:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787927 Seized loose-sheet entries alone cannot be converted into taxable income in reassessment proceedings without independent corroboration; the piece of evidence must demonstrate payment or be supported by contemporaneous proof to attribute 'on money' to the assessee. Applying this evidentiary principle in a Section 147 reassessment context, the Tribunal found the seized entries referencing the assessee insufficient to sustain an addition, and therefore the impugned addition was deleted with the appeal allowed in favour of the assessee. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787927