https://www.taxtmi.com/caselaws?id=295466 A registered sale deed was treated as conclusive evidence of the stated consideration unless rebutted by reliable material, so the explained portion of the cash deposit was accepted while the balance was upheld as unexplained for want of proof of a higher real consideration. Capital gains were required to be assessed in the hands of the property owner, and not in the hands of the assessee merely because sale proceeds were credited to his bank account. On the facts, the addition for unexplained cash deposit was sustained, while the capital gains addition was deleted, giving the assessee partial relief. en-us Thu, 13 Jul 2017 00:00:00 +0530 Sat, 05 Jun 2021 10:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295466 A registered sale deed was treated as conclusive evidence of the stated consideration unless rebutted by reliable material, so the explained portion of the cash deposit was accepted while the balance was upheld as unexplained for want of proof of a higher real consideration. Capital gains were required to be assessed in the hands of the property owner, and not in the hands of the assessee merely because sale proceeds were credited to his bank account. On the facts, the addition for unexplained cash deposit was sustained, while the capital gains addition was deleted, giving the assessee partial relief. Case-Laws Income Tax Thu, 13 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295466