https://www.taxtmi.com/caselaws?id=793582 Section 69 addition for alleged unexplained investment in immovable property was not sustainable where the registered sale deed recorded the purchase consideration, the source was explained through a joint housing loan and bank savings, and no independent material showed payment of any on-money. A valuation report obtained at the appellate stage was only an estimate and could not, by itself, rebut the declared consideration or displace the presumption of correctness attached to the registered document. The fact that the co-owner's assessment on the same transaction had accepted the declared investment also supported deletion of the addition, which was accordingly removed in favour of the assessee. en-us Wed, 06 May 2026 00:00:00 +0530 Fri, 19 Jun 2026 08:24:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793582 Section 69 addition for alleged unexplained investment in immovable property was not sustainable where the registered sale deed recorded the purchase consideration, the source was explained through a joint housing loan and bank savings, and no independent material showed payment of any on-money. A valuation report obtained at the appellate stage was only an estimate and could not, by itself, rebut the declared consideration or displace the presumption of correctness attached to the registered document. The fact that the co-owner's assessment on the same transaction had accepted the declared investment also supported deletion of the addition, which was accordingly removed in favour of the assessee. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793582