https://www.taxtmi.com/caselaws?id=239136 Cash deposits explained as sale proceeds of declared stock could not be taxed again as unexplained cash credits under section 68, because the source was already recorded and taxing them again would create double addition. Maturity proceeds of RBI relief bonds were also not taxable in the year of redemption where the investment had been made and disclosed in an earlier year; any doubt about the original source had to be examined in the year of investment. A long-term capital gain addition based on estimated backward indexation of jointly held property costs was unsustainable because the declared cost figures had no demonstrated defect and the estimate rested only on presumption. en-us Tue, 03 Sep 2013 00:00:00 +0530 Thu, 07 Nov 2013 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239136 Cash deposits explained as sale proceeds of declared stock could not be taxed again as unexplained cash credits under section 68, because the source was already recorded and taxing them again would create double addition. Maturity proceeds of RBI relief bonds were also not taxable in the year of redemption where the investment had been made and disclosed in an earlier year; any doubt about the original source had to be examined in the year of investment. A long-term capital gain addition based on estimated backward indexation of jointly held property costs was unsustainable because the declared cost figures had no demonstrated defect and the estimate rested only on presumption. Case-Laws Income Tax Tue, 03 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239136