https://www.taxtmi.com/caselaws?id=792651 Additions under section 69/69A could not be sustained where they were based only on seized third-party Excel sheets and a related statement, without independent corroboration linking the assessee to the entries. A mere name reference and mobile number were insufficient when the sheets covered multiple persons, were not properly decoded or quantified, and no bank trail, cash movement, confirmations, or direct transaction evidence was produced. The assessee had also sought cross-examination of the persons whose statements were relied upon, but no effective opportunity was given. On these facts, the electronic records were treated as uncorroborated material and the additions were held unsustainable and directed to be deleted. en-us Tue, 05 May 2026 00:00:00 +0530 Mon, 01 Jun 2026 08:25:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792651 Additions under section 69/69A could not be sustained where they were based only on seized third-party Excel sheets and a related statement, without independent corroboration linking the assessee to the entries. A mere name reference and mobile number were insufficient when the sheets covered multiple persons, were not properly decoded or quantified, and no bank trail, cash movement, confirmations, or direct transaction evidence was produced. The assessee had also sought cross-examination of the persons whose statements were relied upon, but no effective opportunity was given. On these facts, the electronic records were treated as uncorroborated material and the additions were held unsustainable and directed to be deleted. Case-Laws Income Tax Tue, 05 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792651