https://www.taxtmi.com/caselaws?id=788352 In a search assessment, uncorroborated WhatsApp chats could not by themselves justify an addition for unexplained investment where the seized draft agreement, cost estimate sheet, board resolution, sale deed and recorded statements, read as a whole, supported the assessee's explanation that the property was negotiated with proposed refurbishment costs and ultimately purchased on an as-is basis for the registered consideration. The statutory presumption under sections 132(4A) and 292C attached to the seized material, and the Revenue failed to rebut it or show fabrication or falsity. On that evidence, the alleged cash component was not proved, and the addition under section 69 read with section 115BBE was deleted. en-us Fri, 06 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788352 In a search assessment, uncorroborated WhatsApp chats could not by themselves justify an addition for unexplained investment where the seized draft agreement, cost estimate sheet, board resolution, sale deed and recorded statements, read as a whole, supported the assessee's explanation that the property was negotiated with proposed refurbishment costs and ultimately purchased on an as-is basis for the registered consideration. The statutory presumption under sections 132(4A) and 292C attached to the seized material, and the Revenue failed to rebut it or show fabrication or falsity. On that evidence, the alleged cash component was not proved, and the addition under section 69 read with section 115BBE was deleted. Case-Laws Income Tax Fri, 06 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788352