https://www.taxtmi.com/caselaws?id=791407 Seized diary entries reflecting a single stream of unaccounted cash transactions were treated as part of the same finance activity, so only the embedded profit element was taxable and telescoping of related cash flows was permitted. Separate additions for unexplained expenditure were deleted because the receipts and outgoings were already linked within the same cash pool. Additions for cash found during search and for an alleged property advance were also deleted, as the material lacked independent corroboration, the paper was unsigned, ownership and actual payment were not proved, and a retracted statement alone could not sustain section 69A. en-us Fri, 08 May 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791407 Seized diary entries reflecting a single stream of unaccounted cash transactions were treated as part of the same finance activity, so only the embedded profit element was taxable and telescoping of related cash flows was permitted. Separate additions for unexplained expenditure were deleted because the receipts and outgoings were already linked within the same cash pool. Additions for cash found during search and for an alleged property advance were also deleted, as the material lacked independent corroboration, the paper was unsigned, ownership and actual payment were not proved, and a retracted statement alone could not sustain section 69A. Case-Laws Income Tax Fri, 08 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791407