https://www.taxtmi.com/caselaws?id=795687 An addition for unexplained investment cannot rest solely on an unauthenticated third-party Excel sheet and employee statements alleging cash payment. The material must be independently corroborated, particularly where there is no evidence of cash withdrawal, movement, receipt, or signed acknowledgment by the assessee. Banking-channel payment confirmations, bank records, and an unrebutted affidavit supported the assessee's denial, while the absence of an effective cross-examination opportunity weakened reliance on third-party statements. The assessee discharged the applicable evidentiary burden; the unsubstantiated allegation could not sustain the addition, which was deleted. en-us Tue, 16 Jun 2026 00:00:00 +0530 Sat, 25 Jul 2026 08:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795687 An addition for unexplained investment cannot rest solely on an unauthenticated third-party Excel sheet and employee statements alleging cash payment. The material must be independently corroborated, particularly where there is no evidence of cash withdrawal, movement, receipt, or signed acknowledgment by the assessee. Banking-channel payment confirmations, bank records, and an unrebutted affidavit supported the assessee's denial, while the absence of an effective cross-examination opportunity weakened reliance on third-party statements. The assessee discharged the applicable evidentiary burden; the unsubstantiated allegation could not sustain the addition, which was deleted. Case-Laws Income Tax Tue, 16 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795687