https://www.taxtmi.com/caselaws?id=468617 Alleged on-money additions cannot be extrapolated across other flats or shops merely from loose papers, draft booking forms or a third-party statement unless there is corroborative enquiry linking the cash component to identifiable transactions; on that basis, the tribunal found the wider additions unsustainable for assessment years 2017-18 and 2018-19, while accepting only the specific differential amount supported by seized booking forms for assessment year 2019-20. Separately, unexplained expenditure under section 69C was sustained where seized material showed project-related payments and the assessee failed to produce a credible explanation or supporting evidence to reconcile the entries. en-us Fri, 07 Feb 2025 00:00:00 +0530 Thu, 14 May 2026 19:45:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468617 Alleged on-money additions cannot be extrapolated across other flats or shops merely from loose papers, draft booking forms or a third-party statement unless there is corroborative enquiry linking the cash component to identifiable transactions; on that basis, the tribunal found the wider additions unsustainable for assessment years 2017-18 and 2018-19, while accepting only the specific differential amount supported by seized booking forms for assessment year 2019-20. Separately, unexplained expenditure under section 69C was sustained where seized material showed project-related payments and the assessee failed to produce a credible explanation or supporting evidence to reconcile the entries. Case-Laws Income Tax Fri, 07 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468617