https://www.taxtmi.com/caselaws?id=789892 Addition for alleged cash on-money payment on purchase of shops could not be sustained where the Revenue relied only on a third-party statement and an Excel sheet recovered from a pen drive in another person's possession. The material was not confronted to the assessee, no opportunity of cross-examination was provided, and no independent corroborative evidence showed actual unexplained investment. The assessee's claim that the purchases were made through account payee cheques remained unrebutted, and the third-party digital data by itself did not conclusively prove unexplained expenditure or investment. The addition under section 69 was therefore deleted. en-us Fri, 27 Mar 2026 00:00:00 +0530 Thu, 16 Apr 2026 08:34:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789892 Addition for alleged cash on-money payment on purchase of shops could not be sustained where the Revenue relied only on a third-party statement and an Excel sheet recovered from a pen drive in another person's possession. The material was not confronted to the assessee, no opportunity of cross-examination was provided, and no independent corroborative evidence showed actual unexplained investment. The assessee's claim that the purchases were made through account payee cheques remained unrebutted, and the third-party digital data by itself did not conclusively prove unexplained expenditure or investment. The addition under section 69 was therefore deleted. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789892