https://www.taxtmi.com/caselaws?id=799524 Concurrent factual findings on the attribution of impounded diaries, land-purchase material and cash transactions generally do not raise a substantial question of law in a further appeal. The statutory presumption relating to documents applies to the person from whose premises the material is found; absent independent evidence, recorded transactions cannot automatically be attributed to a firm. Additions for a partner's recorded cash credit may be limited after considering available sources and telescoping, while separate additions for unaccounted land consideration should not duplicate the same amount. Cash purchases neither recorded nor claimed as deductions cannot be disallowed as business expenditure. en-us Tue, 08 Sep 2026 00:00:00 +0530 Wed, 23 Sep 2026 08:48:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799524 Concurrent factual findings on the attribution of impounded diaries, land-purchase material and cash transactions generally do not raise a substantial question of law in a further appeal. The statutory presumption relating to documents applies to the person from whose premises the material is found; absent independent evidence, recorded transactions cannot automatically be attributed to a firm. Additions for a partner's recorded cash credit may be limited after considering available sources and telescoping, while separate additions for unaccounted land consideration should not duplicate the same amount. Cash purchases neither recorded nor claimed as deductions cannot be disallowed as business expenditure. Case-Laws Income Tax Tue, 08 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799524