https://www.taxtmi.com/caselaws?id=791520 An addition under section 69B based solely on a loose paper seized from a third party was held unsustainable because the document did not expressly record cash payment by the assessee and no independent enquiry, statement, or other corroborative material established such payment. The Tribunal also noted that cross-examination of the person from whose possession the paper was found was not afforded, despite the document being relied on as the basis of the addition. On these facts, the loose paper alone was insufficient to support the cash addition, and the addition was deleted. en-us Wed, 08 Apr 2026 00:00:00 +0530 Wed, 13 May 2026 08:36:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791520 An addition under section 69B based solely on a loose paper seized from a third party was held unsustainable because the document did not expressly record cash payment by the assessee and no independent enquiry, statement, or other corroborative material established such payment. The Tribunal also noted that cross-examination of the person from whose possession the paper was found was not afforded, despite the document being relied on as the basis of the addition. On these facts, the loose paper alone was insufficient to support the cash addition, and the addition was deleted. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791520