https://www.taxtmi.com/caselaws?id=278724 Registered sale deeds recording land-purchase consideration prevailed over uncorroborated oral statements by sellers for purposes of an addition under section 69. Cash deposits in sellers' bank accounts, without an agreement to sell, supporting witness evidence, or independent material linking those deposits to the purchaser, did not establish payment of consideration beyond the documented amount. The burden to prove understatement of consideration and a nexus between the deposits and the purchaser remained undischarged. Presumptive inference could not substitute proof; consequently, the addition was deleted. 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 Registered sale deeds recording land-purchase consideration prevailed over uncorroborated oral statements by sellers for purposes of an addition under section 69. Cash deposits in sellers' bank accounts, without an agreement to sell, supporting witness evidence, or independent material linking those deposits to the purchaser, did not establish payment of consideration beyond the documented amount. The burden to prove understatement of consideration and a nexus between the deposits and the purchaser remained undischarged. Presumptive inference could not substitute proof; consequently, the addition was deleted. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278724