https://www.taxtmi.com/caselaws?id=59228 An addition under section 69A requires the Department to independently prove that the assessee owned the asset and that it was not recorded in the books. Findings recorded by Customs under a different statute, a retracted brother's statement, and untested surrounding circumstances were not sufficient for income-tax purposes without corroboration and cross-examination. The Assessing Officer had to make an independent quasi-judicial determination on evidence gathered in assessment proceedings. On the facts described, ownership of the seized gold in the assessee's hands was not established, so the addition was not sustainable. en-us Mon, 22 Mar 2004 00:00:00 +0530 Fri, 21 Jun 2024 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59228 An addition under section 69A requires the Department to independently prove that the assessee owned the asset and that it was not recorded in the books. Findings recorded by Customs under a different statute, a retracted brother's statement, and untested surrounding circumstances were not sufficient for income-tax purposes without corroboration and cross-examination. The Assessing Officer had to make an independent quasi-judicial determination on evidence gathered in assessment proceedings. On the facts described, ownership of the seized gold in the assessee's hands was not established, so the addition was not sustainable. Case-Laws Income Tax Mon, 22 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59228