https://www.taxtmi.com/caselaws?id=791272 Receipts shown in regular bank accounts could not be taxed as unexplained money under section 69A where the source was traced to the assessee's father-in-law and the revenue produced no corroborative evidence of cash routing or own undisclosed funds; the gift addition was deleted. An amount received on sale of immovable property, even if not reflected in the declared consideration, was treated as part of sale proceeds and had to be assessed in capital gains, not as unexplained money; this addition was also deleted. For jewellery and cash found during search, only the portion of jewellery supported by evidence was accepted, cash remained unexplained, but telescoping was allowed to prevent double taxation of the same funds. The watch addition was deleted because the assessee's explanation and documents were not rebutted. en-us Wed, 06 May 2026 00:00:00 +0530 Fri, 08 May 2026 07:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791272 Receipts shown in regular bank accounts could not be taxed as unexplained money under section 69A where the source was traced to the assessee's father-in-law and the revenue produced no corroborative evidence of cash routing or own undisclosed funds; the gift addition was deleted. An amount received on sale of immovable property, even if not reflected in the declared consideration, was treated as part of sale proceeds and had to be assessed in capital gains, not as unexplained money; this addition was also deleted. For jewellery and cash found during search, only the portion of jewellery supported by evidence was accepted, cash remained unexplained, but telescoping was allowed to prevent double taxation of the same funds. The watch addition was deleted because the assessee's explanation and documents were not rebutted. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791272