https://www.taxtmi.com/caselaws?id=278724 Addition under section 69 cannot be sustained merely on oral statements of sellers when registered sale deeds record the consideration and no corroborative material links alleged cash deposits to the assessee. The note states that, absent an agreement to sell, supporting witness statements, or independent evidence of payment over and above the documented price, the documentary record prevails and the burden to prove understatement of consideration remains on the Revenue. A presumptive inference cannot replace proof, and the addition was deleted in favour of the assessee. en-us Fri, 18 Jul 2014 00:00:00 +0530 Tue, 19 Feb 2019 07:25:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278724 Addition under section 69 cannot be sustained merely on oral statements of sellers when registered sale deeds record the consideration and no corroborative material links alleged cash deposits to the assessee. The note states that, absent an agreement to sell, supporting witness statements, or independent evidence of payment over and above the documented price, the documentary record prevails and the burden to prove understatement of consideration remains on the Revenue. A presumptive inference cannot replace proof, and the addition was deleted in favour of the assessee. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278724