https://www.taxtmi.com/caselaws?id=796013 Additions for alleged cash on-money payments cannot rest solely on adverse third-party statements that were neither supplied to the assessee nor tested through requested cross-examination; the addition was therefore deleted. The claimed deduction of interest income requires verification of the relevant income and applicable statutory conditions, and must be allowed if eligibility is established. The governing principle is that untested third-party material, withheld from the assessee despite a request for cross-examination, cannot validly support an addition. en-us Mon, 27 Jul 2026 00:00:00 +0530 Thu, 30 Jul 2026 08:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796013 Additions for alleged cash on-money payments cannot rest solely on adverse third-party statements that were neither supplied to the assessee nor tested through requested cross-examination; the addition was therefore deleted. The claimed deduction of interest income requires verification of the relevant income and applicable statutory conditions, and must be allowed if eligibility is established. The governing principle is that untested third-party material, withheld from the assessee despite a request for cross-examination, cannot validly support an addition. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796013