https://www.taxtmi.com/caselaws?id=790241 Cash receipt received in connection with an agreement to sell agricultural land was held not to be an unexplained cash credit where the assessee produced the agreement to sell, the buyer's civil suit, audited accounts of the payer, the assessee's cash book and books of account, and evidence that an earlier advance had been paid through banking channels. On that documentary trail, the assessee discharged the initial onus by showing the identity of the payer, the genuineness of the transaction and supporting records. The burden then shifted to the Revenue to produce positive material disproving the explanation, and no such material was brought. The addition under section 68 was therefore deleted. en-us Fri, 17 Apr 2026 00:00:00 +0530 Wed, 22 Apr 2026 08:47:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790241 Cash receipt received in connection with an agreement to sell agricultural land was held not to be an unexplained cash credit where the assessee produced the agreement to sell, the buyer's civil suit, audited accounts of the payer, the assessee's cash book and books of account, and evidence that an earlier advance had been paid through banking channels. On that documentary trail, the assessee discharged the initial onus by showing the identity of the payer, the genuineness of the transaction and supporting records. The burden then shifted to the Revenue to produce positive material disproving the explanation, and no such material was brought. The addition under section 68 was therefore deleted. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790241