https://www.taxtmi.com/caselaws?id=466863 Issue concerns unexplained cash deposits treated as income where the assessee claimed deposits were sale proceeds of ancestral agricultural land; tribunal examined bank entries, registered sale deeds, assessee statements and subsequent withdrawals/transfers to daughters who invested in land. Tribunal applied principle that contemporaneous documentary nexus and corroborative circumstances can establish source where department adduces no contrary evidence and related assessments accepted identical source. On this factual matrix the addition under the unexplained cash deposit provision was found unjustified and deleted, allowing the appeal in favour of the assessee. en-us Wed, 05 Jun 2024 00:00:00 +0530 Mon, 23 Feb 2026 19:00:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466863 Issue concerns unexplained cash deposits treated as income where the assessee claimed deposits were sale proceeds of ancestral agricultural land; tribunal examined bank entries, registered sale deeds, assessee statements and subsequent withdrawals/transfers to daughters who invested in land. Tribunal applied principle that contemporaneous documentary nexus and corroborative circumstances can establish source where department adduces no contrary evidence and related assessments accepted identical source. On this factual matrix the addition under the unexplained cash deposit provision was found unjustified and deleted, allowing the appeal in favour of the assessee. Case-Laws Income Tax Wed, 05 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466863