https://www.taxtmi.com/caselaws?id=217721 Where land had already been compulsorily acquired and possession remained with the acquiring authority, an agreement to sell contingent on future de-notification did not amount to a transfer for capital gains purposes under section 2(47), and no deemed transfer arose under section 53A of the Transfer of Property Act. On those facts, the capital-gains addition was deleted. In contrast, cash deposits in the assessee's bank account were not fully supported by corroborative evidence: alleged family contributions and earlier withdrawals were not linked to the deposits. Only the amount attributable to current income was accepted as explained, and the balance was treated as unexplained income. en-us Fri, 30 Mar 2012 00:00:00 +0530 Tue, 23 Oct 2012 21:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217721 Where land had already been compulsorily acquired and possession remained with the acquiring authority, an agreement to sell contingent on future de-notification did not amount to a transfer for capital gains purposes under section 2(47), and no deemed transfer arose under section 53A of the Transfer of Property Act. On those facts, the capital-gains addition was deleted. In contrast, cash deposits in the assessee's bank account were not fully supported by corroborative evidence: alleged family contributions and earlier withdrawals were not linked to the deposits. Only the amount attributable to current income was accepted as explained, and the balance was treated as unexplained income. Case-Laws Income Tax Fri, 30 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217721