Loose Sheets Alone Not Enough for Taxing Undisclosed Investment

Kanchan Verma Vs DCIT (ITAT Dehradun) Loose Sheets, No Cross-Examination, No Addition: ITAT Dehradun Deletes s.69B Addition Dehradun ITAT (SMC), in Kanchan Verma vs. DCIT (ITA No.210/DDN/2025, AY 2019-20, order dated 23.12.2025), allowed the assessee’s appeal and deleted the addition of ₹4.50 lakh made u/s 69B r.w.s. 115BBE, which was based solely on loose papers seized from a third party during search proceedings. The addition arose from a search u/s 132 on 02.02.2022, wherein certain handwritten sheets were seized from the premises of third parties. The AO treated figures mentioned again...