https://www.taxtmi.com/caselaws?id=793102 Cash payment for property purchase was treated as unexplained investment under section 69, but the assessee explained that the funds came from drawings from a partnership firm. The explanation was supported by the firm's financial statements, partner's capital account and cash book, and the cash withdrawals were shown on different dates before the transaction. As the records established availability of cash and the payment was reflected in the agreement and sale deed, the source stood explained. The addition under section 69 was therefore deleted. en-us Wed, 13 May 2026 00:00:00 +0530 Tue, 09 Jun 2026 07:50:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793102 Cash payment for property purchase was treated as unexplained investment under section 69, but the assessee explained that the funds came from drawings from a partnership firm. The explanation was supported by the firm's financial statements, partner's capital account and cash book, and the cash withdrawals were shown on different dates before the transaction. As the records established availability of cash and the payment was reflected in the agreement and sale deed, the source stood explained. The addition under section 69 was therefore deleted. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793102