https://www.taxtmi.com/caselaws?id=784472 Section 68 addition based on cash received from the sale of jointly owned property could not be sustained against one co-owner alone where the property belonged to seven legal heirs and the cash component formed part of the collective sale proceeds. The assessment proceeded on the mistaken premise that the entire cash receipt represented unexplained money in the assessee's individual hands, but the record did not show exclusive receipt by the assessee. On that basis, the addition was directed to be deleted. en-us Fri, 14 Nov 2025 00:00:00 +0530 Tue, 06 Jan 2026 08:47:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784472 Section 68 addition based on cash received from the sale of jointly owned property could not be sustained against one co-owner alone where the property belonged to seven legal heirs and the cash component formed part of the collective sale proceeds. The assessment proceeded on the mistaken premise that the entire cash receipt represented unexplained money in the assessee's individual hands, but the record did not show exclusive receipt by the assessee. On that basis, the addition was directed to be deleted. Case-Laws Income Tax Fri, 14 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784472