https://www.taxtmi.com/caselaws?id=788194 Unaccounted real-estate receipts may be inferred from cumulative seized materials, including loose papers, chats, spreadsheets, sale-rate comparisons and construction-cost data, where they indicate undervaluation of registered sales. Such materials need not constitute direct proof if surrounding circumstances support an inference on the preponderance of probabilities. Taxable income is confined to the profit embedded in on-money rather than the gross unaccounted receipts. Valuation may be estimated through a cost-plus approach where quoted rates are negotiable and higher seized rates are not final sale rates. The analysis applies a fair-market sale rate of Rs.7,000 per sq. ft. and a 15% profit rate for computing taxable income from recomputed on-money. en-us Fri, 13 Mar 2026 00:00:00 +0530 Wed, 18 Mar 2026 08:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788194 Unaccounted real-estate receipts may be inferred from cumulative seized materials, including loose papers, chats, spreadsheets, sale-rate comparisons and construction-cost data, where they indicate undervaluation of registered sales. Such materials need not constitute direct proof if surrounding circumstances support an inference on the preponderance of probabilities. Taxable income is confined to the profit embedded in on-money rather than the gross unaccounted receipts. Valuation may be estimated through a cost-plus approach where quoted rates are negotiable and higher seized rates are not final sale rates. The analysis applies a fair-market sale rate of Rs.7,000 per sq. ft. and a 15% profit rate for computing taxable income from recomputed on-money. Case-Laws Income Tax Fri, 13 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788194