https://www.taxtmi.com/caselaws?id=794004 On-money addition for alleged cash payment on purchase of an industrial unit could not be sustained where the Revenue relied only on third-party search material and a general statement from the builder's representative, without independent corroboration linking the assessee to any cash trail. Registered agreement, builder's receipts, bank statements and an affidavit supported payment through accounted banking channels, while the seized material referred to another name. In the absence of primary evidence or a tested statement establishing actual cash payment by the assessee, the addition under section 69C and the consequential taxation under section 115BBE were deleted. en-us Tue, 23 Jun 2026 00:00:00 +0530 Sat, 27 Jun 2026 08:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794004 On-money addition for alleged cash payment on purchase of an industrial unit could not be sustained where the Revenue relied only on third-party search material and a general statement from the builder's representative, without independent corroboration linking the assessee to any cash trail. Registered agreement, builder's receipts, bank statements and an affidavit supported payment through accounted banking channels, while the seized material referred to another name. In the absence of primary evidence or a tested statement establishing actual cash payment by the assessee, the addition under section 69C and the consequential taxation under section 115BBE were deleted. Case-Laws Income Tax Tue, 23 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794004