https://www.taxtmi.com/caselaws?id=783561 Whether an unsigned agreement seized during search could be relied upon to substitute declared sale consideration for computing capital gains turned on its evidentiary value. The ITAT held that, absent corroborative evidence of actual receipt of the stated amount through identifiable banking channels by the taxpayer or another identified person, the unsigned document was a "dumb document" and could not form a reliable basis to determine sale consideration. However, it directed verification of whether the amount mentioned was received by cheque or other banking mode; if such receipt is established, the document may support the AO's inference. The appeal was allowed for statistical purposes by way of remand for verification. en-us Fri, 12 Dec 2025 00:00:00 +0530 Thu, 18 Dec 2025 08:01:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783561 Whether an unsigned agreement seized during search could be relied upon to substitute declared sale consideration for computing capital gains turned on its evidentiary value. The ITAT held that, absent corroborative evidence of actual receipt of the stated amount through identifiable banking channels by the taxpayer or another identified person, the unsigned document was a "dumb document" and could not form a reliable basis to determine sale consideration. However, it directed verification of whether the amount mentioned was received by cheque or other banking mode; if such receipt is established, the document may support the AO's inference. The appeal was allowed for statistical purposes by way of remand for verification. Case-Laws Income Tax Fri, 12 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783561