Unsubstantiated material found in pen drive cannot be considered as a conclusive evidence to make additions

Unsubstantiated material found in  pen drive cannot be considered as a conclusive evidence to make additions In this case, the entry found in Pendrive was considered in the case of Sri Veeraiah Choudhary for AY 2006-07. It is also brought to our notice that vide letter dated 18/12/2008 Shri T. Veeraiah Chowdhary through his auditor brought to the notice of the DCIT, Circle 3(1) that the actual amount as per the impounded material was only Rs. 1.05 crores and not Rs. 1.30 crores and the said amount was offered for taxation in the hands of Shri T. Veeraiah Choudhary in AY 2006-07. A copy of the...