https://www.taxtmi.com/caselaws?id=467701 Cash deposits in the assessee's bank account were explained only in part by a contemporaneous agreement to sell and related circumstances. The ITAT held that the registered sale deed could not, by itself, displace evidence that sale proceeds were received in instalments under the agreement, so the explained portion of the deposits could not be treated as unexplained money under section 69A. However, the assessee failed to prove the source of the balance amount, and that part remained liable to addition. The result was partial relief: deletion of the addition to the extent covered by the sale agreement and sustenance of the balance. en-us Mon, 17 Feb 2025 00:00:00 +0530 Mon, 30 Mar 2026 19:50:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467701 Cash deposits in the assessee's bank account were explained only in part by a contemporaneous agreement to sell and related circumstances. The ITAT held that the registered sale deed could not, by itself, displace evidence that sale proceeds were received in instalments under the agreement, so the explained portion of the deposits could not be treated as unexplained money under section 69A. However, the assessee failed to prove the source of the balance amount, and that part remained liable to addition. The result was partial relief: deletion of the addition to the extent covered by the sale agreement and sustenance of the balance. Case-Laws Income Tax Mon, 17 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467701