https://www.taxtmi.com/caselaws?id=468585 An addition for unexplained investment under section 69 cannot be sustained merely on the basis of uncorroborated search material, an Excel sheet said to record cash payments, or statements of associated persons when no independent proof establishes the alleged cash transaction. The assessee's denial was supported by registered purchase documents and a seller's confirmation that no cash was received and that the shops were sold later through banking channels. In the absence of reliable corroborative evidence, the presumption drawn by the Assessing Officer failed, and the addition was deleted. en-us Tue, 06 Jan 2026 00:00:00 +0530 Wed, 13 May 2026 10:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468585 An addition for unexplained investment under section 69 cannot be sustained merely on the basis of uncorroborated search material, an Excel sheet said to record cash payments, or statements of associated persons when no independent proof establishes the alleged cash transaction. The assessee's denial was supported by registered purchase documents and a seller's confirmation that no cash was received and that the shops were sold later through banking channels. In the absence of reliable corroborative evidence, the presumption drawn by the Assessing Officer failed, and the addition was deleted. Case-Laws Income Tax Tue, 06 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468585