https://www.taxtmi.com/caselaws?id=786658 Claim for reinvestment deduction was remanded because the determinative issue was the factual nature of other properties; admitted tenant affidavits and identity proofs, not previously considered, are material and the assessing officer must examine them afresh, so entitlement is to be reconsidered. The asserted addition as unexplained on money was deleted because the impugned draft papers and cash were in a third party's possession, there was no corroborative material linking them to the taxpayer, and the statutory presumption arising from seizure applies only against the possessor; therefore the addition cannot stand. en-us Fri, 13 Feb 2026 00:00:00 +0530 Tue, 17 Feb 2026 07:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786658 Claim for reinvestment deduction was remanded because the determinative issue was the factual nature of other properties; admitted tenant affidavits and identity proofs, not previously considered, are material and the assessing officer must examine them afresh, so entitlement is to be reconsidered. The asserted addition as unexplained on money was deleted because the impugned draft papers and cash were in a third party's possession, there was no corroborative material linking them to the taxpayer, and the statutory presumption arising from seizure applies only against the possessor; therefore the addition cannot stand. Case-Laws Income Tax Fri, 13 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786658