https://www.taxtmi.com/caselaws?id=790118 Registered purchase of a new residential flat was held to support deduction under section 54 where sale deeds, bank entries and payment records traced the investment to sale proceeds, and delayed cheque encashment did not by itself make the transaction unexplained; the addition under section 69A was deleted. Cash deposits in the bank were also treated as explained because they were linked to sale consideration already accepted, proceeds from sale of household items and electronic goods, and the assessee's own cash balance, with supporting bills and surrounding facts. On these facts, the adverse inference under section 69A was unsustainable and both additions were deleted. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 20 Apr 2026 08:30:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790118 Registered purchase of a new residential flat was held to support deduction under section 54 where sale deeds, bank entries and payment records traced the investment to sale proceeds, and delayed cheque encashment did not by itself make the transaction unexplained; the addition under section 69A was deleted. Cash deposits in the bank were also treated as explained because they were linked to sale consideration already accepted, proceeds from sale of household items and electronic goods, and the assessee's own cash balance, with supporting bills and surrounding facts. On these facts, the adverse inference under section 69A was unsustainable and both additions were deleted. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790118