https://www.taxtmi.com/caselaws?id=771579 Deletion of the addition for unaccounted cash receipts could not stand where seized papers indicated actual receipts and surrounding material suggested payment toward land purchases, but the factual basis was not properly verified. The record did not conclusively show whether the amounts had been assessed to tax or whether due tax had been paid. Because the first appellate authority proceeded on an incorrect premise that the receipts had already been offered to tax and verified, fresh findings on acceptance of the amounts by the concerned persons and their tax treatment were required, and the matter was restored for reconsideration. en-us Mon, 10 Mar 2025 00:00:00 +0530 Wed, 28 May 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771579 Deletion of the addition for unaccounted cash receipts could not stand where seized papers indicated actual receipts and surrounding material suggested payment toward land purchases, but the factual basis was not properly verified. The record did not conclusively show whether the amounts had been assessed to tax or whether due tax had been paid. Because the first appellate authority proceeded on an incorrect premise that the receipts had already been offered to tax and verified, fresh findings on acceptance of the amounts by the concerned persons and their tax treatment were required, and the matter was restored for reconsideration. Case-Laws Income Tax Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771579