https://www.taxtmi.com/caselaws?id=60065 The ITAT affirmed the deletion of income additions by the CIT (Appeals) in a case involving an unsigned MOU found during a search. The revenue's reliance on the MOU was rejected as it lacked signatures and names, making it unreliable for substantial income additions. The ITAT emphasized the importance of signatures for legal validity and held that seized documents' truth presumption is rebuttable. The assessee successfully rebutted the presumption with evidence from the company, leading to the deletion of additions. en-us Wed, 26 Feb 1992 00:00:00 +0530 Mon, 03 Jan 2011 15:41:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60065 The ITAT affirmed the deletion of income additions by the CIT (Appeals) in a case involving an unsigned MOU found during a search. The revenue's reliance on the MOU was rejected as it lacked signatures and names, making it unreliable for substantial income additions. The ITAT emphasized the importance of signatures for legal validity and held that seized documents' truth presumption is rebuttable. The assessee successfully rebutted the presumption with evidence from the company, leading to the deletion of additions. Case-Laws Income Tax Wed, 26 Feb 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60065