https://www.taxtmi.com/caselaws?id=472001 The presumption for impounded documents attaches to the person from whose possession or control they were found; additions against a firm or other persons require independent corroborative evidence. Diary entries predating the firm, absence of commercial production, prior assessment in the individual's hands, and implausible agreement terms did not support additions for unexplained cash, land investment, or purchases. Where entries identify separate contributors, only the identified individual's cash contribution may be assessed, subject to telescoping against the finally determined share of unaccounted income. Separate land-payment and purchase additions were deleted as duplicative or unsupported. Residual unexplained jewellery and cash additions remained sustainable because their sources were not established. en-us Fri, 29 Aug 2025 00:00:00 +0530 Fri, 25 Sep 2026 20:15:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472001 The presumption for impounded documents attaches to the person from whose possession or control they were found; additions against a firm or other persons require independent corroborative evidence. Diary entries predating the firm, absence of commercial production, prior assessment in the individual's hands, and implausible agreement terms did not support additions for unexplained cash, land investment, or purchases. Where entries identify separate contributors, only the identified individual's cash contribution may be assessed, subject to telescoping against the finally determined share of unaccounted income. Separate land-payment and purchase additions were deleted as duplicative or unsupported. Residual unexplained jewellery and cash additions remained sustainable because their sources were not established. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472001