https://www.taxtmi.com/caselaws?id=468785 Seized papers found in the assessee's premises were treated as evidentiary material where they recorded receipts, expenses and payments, and a bare denial of ownership was insufficient to dislodge the statutory presumption attached to such material. The absence of a satisfactory explanation for the entries meant that deletion of the addition could not be sustained in full. The addition was restored in principle, subject to the Assessing Officer verifying that no double addition occurred when recomputing income. en-us Tue, 11 Feb 2025 00:00:00 +0530 Wed, 20 May 2026 19:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468785 Seized papers found in the assessee's premises were treated as evidentiary material where they recorded receipts, expenses and payments, and a bare denial of ownership was insufficient to dislodge the statutory presumption attached to such material. The absence of a satisfactory explanation for the entries meant that deletion of the addition could not be sustained in full. The addition was restored in principle, subject to the Assessing Officer verifying that no double addition occurred when recomputing income. Case-Laws Income Tax Tue, 11 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468785