https://www.taxtmi.com/caselaws?id=788955 A seized agreement to sell, when signed by the parties and corroborated by the registered sale deeds and matching cheque particulars, constituted reliable incriminating material; the addition under section 153C was therefore sustained. By contrast, penalty under section 271D could not be levied on the cash component because the payment formed part of a completed registered property sale transaction, not a prohibited cash advance of the kind targeted by the anti-cash provisions. The quantum addition was upheld, while the penalty was deleted, resulting in partial relief for the assessee. en-us Wed, 18 Feb 2026 00:00:00 +0530 Wed, 01 Apr 2026 07:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788955 A seized agreement to sell, when signed by the parties and corroborated by the registered sale deeds and matching cheque particulars, constituted reliable incriminating material; the addition under section 153C was therefore sustained. By contrast, penalty under section 271D could not be levied on the cash component because the payment formed part of a completed registered property sale transaction, not a prohibited cash advance of the kind targeted by the anti-cash provisions. The quantum addition was upheld, while the penalty was deleted, resulting in partial relief for the assessee. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788955