https://www.taxtmi.com/caselaws?id=794001 Addition for unexplained investment based on alleged on-money payment for immovable property was unsustainable where the Assessing Officer relied only on a seized loose sheet. The paper was treated as a dumb document and, without independent documentary or secondary evidence, it could not displace the consideration recorded in the registered sale deeds or prove excess payment. The same seized material had already been rejected in the seller's case, and no distinguishing material justified a different view in the purchaser's hands. Applying the rule that oral or hearsay material cannot contradict a registered instrument, the addition under section 69 was deleted. en-us Wed, 10 Jun 2026 00:00:00 +0530 Sat, 27 Jun 2026 08:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794001 Addition for unexplained investment based on alleged on-money payment for immovable property was unsustainable where the Assessing Officer relied only on a seized loose sheet. The paper was treated as a dumb document and, without independent documentary or secondary evidence, it could not displace the consideration recorded in the registered sale deeds or prove excess payment. The same seized material had already been rejected in the seller's case, and no distinguishing material justified a different view in the purchaser's hands. Applying the rule that oral or hearsay material cannot contradict a registered instrument, the addition under section 69 was deleted. Case-Laws Income Tax Wed, 10 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794001