https://www.taxtmi.com/caselaws?id=795746 An addition for unexplained investment cannot rest solely on an unsigned Excel sheet seized from a third party and untested statements of seller-group persons. The material was neither signed or authored by the assessee nor part of its books, and no receipt, acknowledgement, or other independent evidence linked it to an alleged cash payment. As the persons whose statements were relied on were not offered for cross-examination, the assessee's denial could not be displaced by uncorroborated third-party material. The addition for unexplained investment was therefore deleted. en-us Fri, 05 Jun 2026 00:00:00 +0530 Mon, 27 Jul 2026 08:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795746 An addition for unexplained investment cannot rest solely on an unsigned Excel sheet seized from a third party and untested statements of seller-group persons. The material was neither signed or authored by the assessee nor part of its books, and no receipt, acknowledgement, or other independent evidence linked it to an alleged cash payment. As the persons whose statements were relied on were not offered for cross-examination, the assessee's denial could not be displaced by uncorroborated third-party material. The addition for unexplained investment was therefore deleted. Case-Laws Income Tax Fri, 05 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795746