https://www.taxtmi.com/caselaws?id=467535 Seized excel sheets and loose papers referencing "TNJ Mr. Natarajan Interest" and "Madras Interest" were examined to determine whether the latter entries could be attributed to the assessee. The assessee accepted and offered the "TNJ interest" amounts in returns filed under search-linked proceedings, but specifically denied ownership of the "Madras interest" entries. The Tribunal found that the Assessing Officer and CIT(A) relied on inference from the seized material and statements without independent corroboration linking those entries to the assessee. On that basis, the addition for "Madras interest" was deleted and the impugned amount was directed to be removed. en-us Tue, 18 Feb 2025 00:00:00 +0530 Mon, 23 Mar 2026 20:37:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467535 Seized excel sheets and loose papers referencing "TNJ Mr. Natarajan Interest" and "Madras Interest" were examined to determine whether the latter entries could be attributed to the assessee. The assessee accepted and offered the "TNJ interest" amounts in returns filed under search-linked proceedings, but specifically denied ownership of the "Madras interest" entries. The Tribunal found that the Assessing Officer and CIT(A) relied on inference from the seized material and statements without independent corroboration linking those entries to the assessee. On that basis, the addition for "Madras interest" was deleted and the impugned amount was directed to be removed. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467535