Loose Papers, Cash Seizure, Agricultural Land Profit, and Jewelry Additions Deleted for Lack of Corroborative Evidence Under Section 68

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....The ITAT deleted additions based on loose papers containing coded figures, finding them to be mere scribbling without corroborative evidence to establish actual receipt of funds. The Tribunal confirmed deletion of cash seizure addition as the assessee had already disclosed Rs. 90 lacs against Rs. 8.93 lacs seized. Profit from sale of agricultural land was held exempt as evidence confirmed rural agricultural status outside municipal limits. Fresh credits were deleted as the assessee fulfilled Section 68 requirements by providing balance confirmations with PAN details. The Tribunal deleted jewelry addition by applying CBDT Instruction No.1916, which provides concessions for family members' jewelry holdings. Business-related expenses were allowed as they related to income-earning activities, while certain house property interest was disallowed for lack of supporting evidence.....