Documents Found in Search Lead to Section 68 Addition; Section 292C Presumption Requires Contextual Evaluation, Not Mechanical Application.

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....Addition u/s 68 - unexplained cash credit - as during the course of search, certain documents were found - the presumption under section 292C of the Act is rebuttable presumption and the document has to be considered considering the totality of the facts of the case. The deeming provision cannot be applied mechanically ignoring the facts of the case and the surrounding circumstances. - AT....