https://www.taxtmi.com/caselaws?id=791246 Additions under sections 69A and 69B based on survey material cannot be sustained merely by invoking the presumption under section 292C unless the impounded documents show a clear and logical nexus with the assessee and the alleged transaction. Where the figures relied on by the Assessing Officer are not found in the seized papers and the property details in the material do not match the assessee's case, the foundational facts for the additions are not established. On those facts, the presumption could not be applied, and deletion of the additions was justified. en-us Wed, 15 Apr 2026 00:00:00 +0530 Fri, 08 May 2026 07:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791246 Additions under sections 69A and 69B based on survey material cannot be sustained merely by invoking the presumption under section 292C unless the impounded documents show a clear and logical nexus with the assessee and the alleged transaction. Where the figures relied on by the Assessing Officer are not found in the seized papers and the property details in the material do not match the assessee's case, the foundational facts for the additions are not established. On those facts, the presumption could not be applied, and deletion of the additions was justified. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791246