https://www.taxtmi.com/caselaws?id=468631 An addition for alleged unexplained investment in a shop purchase cannot be sustained merely on a third-party Excel sheet and a statement of a key employee where no receipt, diary, acknowledgement, or other contemporaneous document links the assessee to any cash payment. The evidentiary value of such material depends on independent corroboration, and adverse third-party evidence must be reliable, cogent, and capable of rebuttal. Where the assessee seeks cross-examination of the person whose statement is relied upon and that opportunity is denied, the assessee suffers serious prejudice and principles of natural justice are violated. On these facts, the addition was deleted. en-us Tue, 20 Jan 2026 00:00:00 +0530 Thu, 14 May 2026 19:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468631 An addition for alleged unexplained investment in a shop purchase cannot be sustained merely on a third-party Excel sheet and a statement of a key employee where no receipt, diary, acknowledgement, or other contemporaneous document links the assessee to any cash payment. The evidentiary value of such material depends on independent corroboration, and adverse third-party evidence must be reliable, cogent, and capable of rebuttal. Where the assessee seeks cross-examination of the person whose statement is relied upon and that opportunity is denied, the assessee suffers serious prejudice and principles of natural justice are violated. On these facts, the addition was deleted. Case-Laws Income Tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468631