https://www.taxtmi.com/caselaws?id=791628 A seized loose paper showing a property transaction, by itself, was treated as insufficient to sustain an addition under section 69B where it did not expressly record any cash payment by the assessee. In the absence of independent enquiry, corroborative evidence, or material proving the alleged cash component, the Tribunal held that the document could not justify the addition. It also noted that denial of an opportunity to cross-examine the third party from whose possession the paper was seized offended natural justice. The addition was therefore deleted. en-us Wed, 08 Apr 2026 00:00:00 +0530 Thu, 14 May 2026 09:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791628 A seized loose paper showing a property transaction, by itself, was treated as insufficient to sustain an addition under section 69B where it did not expressly record any cash payment by the assessee. In the absence of independent enquiry, corroborative evidence, or material proving the alleged cash component, the Tribunal held that the document could not justify the addition. It also noted that denial of an opportunity to cross-examine the third party from whose possession the paper was seized offended natural justice. The addition was therefore deleted. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791628