https://www.taxtmi.com/caselaws?id=466720 Additions cannot be sustained where based solely on uncorroborated, non speaking seized entries; such records lacking party, date or transaction particulars do not constitute independent evidence, and the impugned addition was deleted. Modest cash deposits plausibly covered by available opening balances should not be treated as unexplained income absent disproving proof, and that addition was deleted. Where cost of improvement is accepted, indexation of that cost follows in the absence of contrary evidence, leading to deletion of the capital gains addition. Consequent penalty proceedings relying on those additions were therefore deleted. en-us Tue, 25 Feb 2025 00:00:00 +0530 Tue, 17 Feb 2026 19:25:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466720 Additions cannot be sustained where based solely on uncorroborated, non speaking seized entries; such records lacking party, date or transaction particulars do not constitute independent evidence, and the impugned addition was deleted. Modest cash deposits plausibly covered by available opening balances should not be treated as unexplained income absent disproving proof, and that addition was deleted. Where cost of improvement is accepted, indexation of that cost follows in the absence of contrary evidence, leading to deletion of the capital gains addition. Consequent penalty proceedings relying on those additions were therefore deleted. Case-Laws Income Tax Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466720