https://www.taxtmi.com/caselaws?id=467792 An addition for unexplained investment cannot be sustained on the basis of an unsigned excel sheet recovered from a third party's premises unless corroborative material links the assessee to the alleged transaction. Here, the assessee denied any property purchase or financial dealing with the developer, and the Revenue failed to identify a booked unit, cheque payment, or other supporting evidence establishing nexus with the entries. The fact that the relevant unit was purchased by another entity further weakened the Revenue's case. On these facts, the document alone was insufficient to justify addition under section 69 of the Income-tax Act, 1961, and the addition was deleted. en-us Wed, 15 Mar 2023 00:00:00 +0530 Fri, 03 Apr 2026 12:08:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467792 An addition for unexplained investment cannot be sustained on the basis of an unsigned excel sheet recovered from a third party's premises unless corroborative material links the assessee to the alleged transaction. Here, the assessee denied any property purchase or financial dealing with the developer, and the Revenue failed to identify a booked unit, cheque payment, or other supporting evidence establishing nexus with the entries. The fact that the relevant unit was purchased by another entity further weakened the Revenue's case. On these facts, the document alone was insufficient to justify addition under section 69 of the Income-tax Act, 1961, and the addition was deleted. Case-Laws Income Tax Wed, 15 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467792