https://www.taxtmi.com/caselaws?id=793599 Addition for alleged on-money or unexplained investment in immovable property cannot rest solely on a seized loose sheet without independent corroboration. The Tribunal noted that the loose sheet was found in the seller's case, had already been treated as a dumb document, and no material showed payment over and above the registered sale consideration. Applying the principle that a registered document cannot be displaced by uncorroborated oral or hearsay material, it held that adverse inference could not be drawn from a standalone document without supporting evidence. The deletion of the addition was therefore upheld in favour of the assessee. en-us Wed, 17 Jun 2026 00:00:00 +0530 Fri, 26 Jun 2026 11:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793599 Addition for alleged on-money or unexplained investment in immovable property cannot rest solely on a seized loose sheet without independent corroboration. The Tribunal noted that the loose sheet was found in the seller's case, had already been treated as a dumb document, and no material showed payment over and above the registered sale consideration. Applying the principle that a registered document cannot be displaced by uncorroborated oral or hearsay material, it held that adverse inference could not be drawn from a standalone document without supporting evidence. The deletion of the addition was therefore upheld in favour of the assessee. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793599