https://www.taxtmi.com/highlights?id=97123 Reopening of assessment was upheld where impounded loose papers and a purchaser's admission provided prima facie material of undisclosed cash consideration, corroborated by matching cheque entries and registered sale deeds; failure of the assessee to specifically seek cross examination at reassessment foreclosed a later natural justice challenge. The impounded documents were treated as reliable corroborative evidence rather than vague papers, and the existence of substantial disparity between recorded and apparent market value reinforced inference of on money. On these grounds the assessing officer's addition as unaccounted sale consideration was held justified and the claim against reassessment failed. en-us Tue, 24 Feb 2026 12:03:13 +0530 Tue, 24 Feb 2026 12:03:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97123 Reopening of assessment was upheld where impounded loose papers and a purchaser's admission provided prima facie material of undisclosed cash consideration, corroborated by matching cheque entries and registered sale deeds; failure of the assessee to specifically seek cross examination at reassessment foreclosed a later natural justice challenge. The impounded documents were treated as reliable corroborative evidence rather than vague papers, and the existence of substantial disparity between recorded and apparent market value reinforced inference of on money. On these grounds the assessing officer's addition as unaccounted sale consideration was held justified and the claim against reassessment failed. Highlights Income Tax Tue, 24 Feb 2026 12:03:13 +0530 https://www.taxtmi.com/highlights?id=97123