https://www.taxtmi.com/caselaws?id=791392 An advance against sale of property received through banking channel and later adjusted in a subsequent sale transaction cannot be taxed as income from other sources on a forfeiture theory where forfeiture is not established, so the addition under section 56(2)(ix) is unsustainable. A cash receipt of the same amount cannot be treated as unexplained money under section 69A merely because the explanation is disbelieved; without enquiry or cogent evidence rebutting the assessee's version that the cash was returned to the purchaser, the addition cannot stand. The overall result is deletion of both additions and complete relief to the assessee. en-us Sun, 08 Mar 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791392 An advance against sale of property received through banking channel and later adjusted in a subsequent sale transaction cannot be taxed as income from other sources on a forfeiture theory where forfeiture is not established, so the addition under section 56(2)(ix) is unsustainable. A cash receipt of the same amount cannot be treated as unexplained money under section 69A merely because the explanation is disbelieved; without enquiry or cogent evidence rebutting the assessee's version that the cash was returned to the purchaser, the addition cannot stand. The overall result is deletion of both additions and complete relief to the assessee. Case-Laws Income Tax Sun, 08 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791392