https://www.taxtmi.com/caselaws?id=469540 Additions for alleged cash payment on jewellery were unsustainable where they rested only on a third-party employee statement and search material from that third party, with no incriminating material found in the assessee's own search and the purchase bills supported the recorded invoices. The Tribunal held that a third-party statement, without independent corroboration or material linking the alleged payment to the assessee, could not justify the addition. The additions were deleted in favour of the assessee, and the legal grounds were treated as academic after the merits were decided. en-us Wed, 03 Dec 2025 00:00:00 +0530 Thu, 18 Jun 2026 17:43:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469540 Additions for alleged cash payment on jewellery were unsustainable where they rested only on a third-party employee statement and search material from that third party, with no incriminating material found in the assessee's own search and the purchase bills supported the recorded invoices. The Tribunal held that a third-party statement, without independent corroboration or material linking the alleged payment to the assessee, could not justify the addition. The additions were deleted in favour of the assessee, and the legal grounds were treated as academic after the merits were decided. Case-Laws Income Tax Wed, 03 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469540