https://www.taxtmi.com/caselaws?id=790974 Additions for alleged on-money payments on purchase of commercial space were unsustainable where the Revenue relied only on loose sheets, a diary and digital material seized from a third party. The seized material was not shown to be in the assessee's handwriting, was unsupported by signed receipts, independent enquiry or other corroborative evidence, and the statements relied on were later retracted. Third-party material and generalized statements, without confrontation and corroboration, could not by themselves establish undisclosed cash transactions or extend the search presumption against the assessee. The additions under section 69 and section 69B were therefore deleted. en-us Thu, 30 Apr 2026 00:00:00 +0530 Mon, 04 May 2026 07:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790974 Additions for alleged on-money payments on purchase of commercial space were unsustainable where the Revenue relied only on loose sheets, a diary and digital material seized from a third party. The seized material was not shown to be in the assessee's handwriting, was unsupported by signed receipts, independent enquiry or other corroborative evidence, and the statements relied on were later retracted. Third-party material and generalized statements, without confrontation and corroboration, could not by themselves establish undisclosed cash transactions or extend the search presumption against the assessee. The additions under section 69 and section 69B were therefore deleted. Case-Laws Income Tax Thu, 30 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790974