https://www.taxtmi.com/caselaws?id=467873 An addition as unexplained investment under section 69 was found unsustainable where it was based only on a third-party Excel-sheet entry showing Rs. 8,000, later multiplied to Rs. 8,00,000 without any supporting material. No independent document, corroborative evidence, or assessee-linked record was produced to establish the alleged cash payment. In the absence of concrete evidence, the addition rested on presumption and suspicion rather than proof, and was therefore deleted in favour of the assessee. en-us Mon, 08 Dec 2025 00:00:00 +0530 Tue, 07 Apr 2026 19:31:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467873 An addition as unexplained investment under section 69 was found unsustainable where it was based only on a third-party Excel-sheet entry showing Rs. 8,000, later multiplied to Rs. 8,00,000 without any supporting material. No independent document, corroborative evidence, or assessee-linked record was produced to establish the alleged cash payment. In the absence of concrete evidence, the addition rested on presumption and suspicion rather than proof, and was therefore deleted in favour of the assessee. Case-Laws Income Tax Mon, 08 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467873