https://www.taxtmi.com/caselaws?id=469448 Seized diary entries and a third party statement were used to allege cash loans as unexplained investment and to tax them under the cash tax regime, but the Tribunal found the record insufficient to confirm the transactions without verification from the searched person's books and cash-flow evidence. The alleged interest income was consequential to the same disputed loan entries and therefore also depended on the outcome of that verification. Both additions were restored for further examination, and neither was finally sustained on the existing material. en-us Thu, 06 Mar 2025 00:00:00 +0530 Wed, 17 Jun 2026 19:02:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469448 Seized diary entries and a third party statement were used to allege cash loans as unexplained investment and to tax them under the cash tax regime, but the Tribunal found the record insufficient to confirm the transactions without verification from the searched person's books and cash-flow evidence. The alleged interest income was consequential to the same disputed loan entries and therefore also depended on the outcome of that verification. Both additions were restored for further examination, and neither was finally sustained on the existing material. Case-Laws Income Tax Thu, 06 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469448