Allowing the appeal of the assessee the Tribunal held that ; Merely on the basis of seized papers addition cannot be made when the assessee has not purchased any land from persons mentioned in the seized documents . ( AY.2009-10)
Saamag Developers (P.) Ltd. v. ACIT (2018) 168 ITD 649 (Delhi) (Trib.)
S. 69C : Unexplained expenditure -Seized papers- Merely on the basis of seized papers addition cannot be made when the assessee has not purchased any land from persons mentioned in the seized documents [ S. 132 ]