https://www.taxtmi.com/caselaws?id=800321 Unexplained-money additions based on seized loose sheets require evidence establishing the assessee's ownership of, or nexus with, the recorded cash entries. Entries lacking the assessee's handwriting, signature, identifiable contributors, independent verification, or other corroboration cannot alone support the addition, particularly where the preparer's statements are contradictory and undisclosed. Election-related receipts and payments recorded in May 2019 fall in financial year 2019-20 and, if taxable, relate to Assessment Year 2020-21 rather than Assessment Year 2019-20. The addition was therefore deleted for the year under consideration. en-us Wed, 23 Sep 2026 00:00:00 +0530 Mon, 05 Oct 2026 08:13:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800321 Unexplained-money additions based on seized loose sheets require evidence establishing the assessee's ownership of, or nexus with, the recorded cash entries. Entries lacking the assessee's handwriting, signature, identifiable contributors, independent verification, or other corroboration cannot alone support the addition, particularly where the preparer's statements are contradictory and undisclosed. Election-related receipts and payments recorded in May 2019 fall in financial year 2019-20 and, if taxable, relate to Assessment Year 2020-21 rather than Assessment Year 2019-20. The addition was therefore deleted for the year under consideration. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800321