https://www.taxtmi.com/caselaws?id=790910 Third-party loose sheets, diary entries and pen drive material could not justify additions in the assessee's hands without independent corroboration, because the seized documents were not found from the assessee, were not in the assessee's handwriting or signed by it, and the supporting statements had been retracted. On that basis, the alleged cash receipts were not proved as unexplained income and the addition was deleted. The same evidentiary failure also defeated the 10% profit estimation and the alleged on-money adjustment for commercial space, since there was no proof of actual receipts, related expenditure, or any nexus between the sale agreement and the alleged cash component. The additions were set aside. en-us Thu, 30 Apr 2026 00:00:00 +0530 Sat, 02 May 2026 07:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790910 Third-party loose sheets, diary entries and pen drive material could not justify additions in the assessee's hands without independent corroboration, because the seized documents were not found from the assessee, were not in the assessee's handwriting or signed by it, and the supporting statements had been retracted. On that basis, the alleged cash receipts were not proved as unexplained income and the addition was deleted. The same evidentiary failure also defeated the 10% profit estimation and the alleged on-money adjustment for commercial space, since there was no proof of actual receipts, related expenditure, or any nexus between the sale agreement and the alleged cash component. The additions were set aside. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790910