https://www.taxtmi.com/caselaws?id=785954 Assessee's unexplained opening cash balance was held to arise from a clerical/typographical error and past agricultural and business receipts; Revenue produced no evidence to treat it as unexplained money, so the addition was deleted. Amounts characterised as unexplained cash credits were found to be recoveries from sundry debtors forming part of receipts computable under presumptive taxation; AO/Revenue failed to disprove this explanation, so those additions were deleted. Stamp duty valuation adjustments under valuation provisions were rejected because the property was held as stockintrade, income was declared on a presumptive basis, and Revenue produced no material showing excess consideration; those additions were deleted. Appeal allowed by ITAT. en-us Fri, 23 Jan 2026 00:00:00 +0530 Tue, 03 Feb 2026 08:39:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785954 Assessee's unexplained opening cash balance was held to arise from a clerical/typographical error and past agricultural and business receipts; Revenue produced no evidence to treat it as unexplained money, so the addition was deleted. Amounts characterised as unexplained cash credits were found to be recoveries from sundry debtors forming part of receipts computable under presumptive taxation; AO/Revenue failed to disprove this explanation, so those additions were deleted. Stamp duty valuation adjustments under valuation provisions were rejected because the property was held as stockintrade, income was declared on a presumptive basis, and Revenue produced no material showing excess consideration; those additions were deleted. Appeal allowed by ITAT. Case-Laws Income Tax Fri, 23 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785954