https://www.taxtmi.com/highlights?id=96087 Unexplained cash 'on-money' from housing-unit sales could not be sustained where only loose slips from a search existed and no corroborative evidence proved receipt; applying the principle that suspicion cannot substitute for evidence, such additions were deleted. Separately, deemed rent under s.23(5) applies to unsold units after two years from building-use permission with no carve-out for earlier projects; in absence of proof of actual letting an estimate was permissible, so the deemed rent addition at the assessed rate was sustained. en-us Fri, 16 Jan 2026 18:23:25 +0530 Fri, 16 Jan 2026 18:23:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=96087 Unexplained cash 'on-money' from housing-unit sales could not be sustained where only loose slips from a search existed and no corroborative evidence proved receipt; applying the principle that suspicion cannot substitute for evidence, such additions were deleted. Separately, deemed rent under s.23(5) applies to unsold units after two years from building-use permission with no carve-out for earlier projects; in absence of proof of actual letting an estimate was permissible, so the deemed rent addition at the assessed rate was sustained. Highlights Income Tax Fri, 16 Jan 2026 18:23:25 +0530 https://www.taxtmi.com/highlights?id=96087