https://www.taxtmi.com/caselaws?id=468556 An addition under section 69 for alleged cash or on-money payments for shop purchases was held unsustainable where it rested on search material and third-party statements without direct corroboration linking the assessee to the payments. The material relied upon was not supplied to the assessee, and cross-examination of the persons whose statements were used against it was not allowed. On these facts, the evidence did not amount to clinching proof of unexplained investment, and the denial of an effective opportunity to rebut it violated natural justice. The addition was deleted and the appeals were allowed. en-us Wed, 24 Dec 2025 00:00:00 +0530 Tue, 12 May 2026 19:15:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468556 An addition under section 69 for alleged cash or on-money payments for shop purchases was held unsustainable where it rested on search material and third-party statements without direct corroboration linking the assessee to the payments. The material relied upon was not supplied to the assessee, and cross-examination of the persons whose statements were used against it was not allowed. On these facts, the evidence did not amount to clinching proof of unexplained investment, and the denial of an effective opportunity to rebut it violated natural justice. The addition was deleted and the appeals were allowed. Case-Laws Income Tax Wed, 24 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468556