https://www.taxtmi.com/caselaws?id=788954 An unsigned, internally inconsistent seized agreement to sell, unsupported by witnesses, drafting details, or independent verification, cannot by itself be treated as reliable proof of unaccounted on-money. Where the document lacks the indicia of a concluded and unambiguous transaction and no corroboration exists for the alleged market value or cash receipt, the addition for undisclosed consideration is unsustainable. On that basis, the consequential penalty also cannot survive because it depends on the same unproven foundation. The principle is that an unexecuted or ambiguous seized document, without corroboration, does not justify a conclusive inference of undisclosed consideration. 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=788954 An unsigned, internally inconsistent seized agreement to sell, unsupported by witnesses, drafting details, or independent verification, cannot by itself be treated as reliable proof of unaccounted on-money. Where the document lacks the indicia of a concluded and unambiguous transaction and no corroboration exists for the alleged market value or cash receipt, the addition for undisclosed consideration is unsustainable. On that basis, the consequential penalty also cannot survive because it depends on the same unproven foundation. The principle is that an unexecuted or ambiguous seized document, without corroboration, does not justify a conclusive inference of undisclosed consideration. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788954