Assessee is an individual and purchase flat with Builder in FY 2017-18 On the basis of  search conducted at Builder on  2018-19 and loose papers found with him as well as his acceptance in settlement Commission about receipt of ON money,  assessee has received Notice U/sec 153C .

Noting on Loose papers seized is Surname of Assessee and some calculation of amount and interest . It does not have any date or signature or the place.

Can assessee raise the objection on issuance of Notice U/sec 153 C on following grounds:

1. It is dumb paper

2. There could be 1000 people similar to surname of assessee.

3. Only assesee has purchase flat with Builder does not mean the noting on seized paper belongs to or pertains to assessee.

4. Presumption can be drawn against assessee on the ground Builder has accepted in settlement Commission  about acceptance of on money .

Pl guide and legal judicial support on above grounds.