https://www.taxtmi.com/caselaws?id=468660 Unexplained investment in immovable property was treated as assessable under section 69 where the registered sale deed recited payment by cheques and cash, but the assessee claimed the cheques were never issued to the vendor and remained with him because the property was under dispute. The recitals in the deed and the cheque dates produced before the ITAT were found inconsistent, and the explanation that the sale was registered without any payment of consideration was not accepted. As no material displaced the revenue authorities' finding that the investment came from unexplained sources, the addition under section 69 was upheld against the assessee. en-us Thu, 06 Feb 2025 00:00:00 +0530 Fri, 15 May 2026 20:34:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468660 Unexplained investment in immovable property was treated as assessable under section 69 where the registered sale deed recited payment by cheques and cash, but the assessee claimed the cheques were never issued to the vendor and remained with him because the property was under dispute. The recitals in the deed and the cheque dates produced before the ITAT were found inconsistent, and the explanation that the sale was registered without any payment of consideration was not accepted. As no material displaced the revenue authorities' finding that the investment came from unexplained sources, the addition under section 69 was upheld against the assessee. Case-Laws Income Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468660