Unsigned Loose Paper Not Convincingly Explained: ITAT Restores ₹75 Lakh On-Money Addition u/s 69A to CIT(A)

The ITAT restored a case involving ₹75 lakh of alleged on-money receipts to the CIT(A) for fresh adjudication. The addition arose from an unsigned loose sheet found during search proceedings. As the assessee’s explanation lacked corroborative evidence, the Tribunal held that proper re-examination was required. This ruling reflects judicial caution in accepting unsubstantiated claims while ensuring fair opportunity to present proof.