The Assessing Officer treated a diary entry of ₹ 2.50 lakh as unexplained money under section 69A. The Tribunal found that the entry represented internal circulation of cash within the group and not an independent receipt by the assessee. As no corroborative evidence or verification of the alleged parties was made, the addition was purely on conjecture. Following  PCIT v. Umesh Ishrani [(2019) 108 taxmann.com 437 (Bom)( HC),  and Harish Textile Engineers Ltd v.DCIT  [(2015) 63 taxmann.com 66 (Bom(HC) it was held that suspicion, however strong, cannot replace proof. The addition was accordingly deleted. .( ITA Nos. 3012–3013 & 3222–3228/Mum/2025 dt. 17-10-2025)  ( AY. 2014-15 to 2022-23)