https://www.taxtmi.com/caselaws?id=469633 A loose seized paper, by itself, could not justify an addition for alleged cash consideration on sale of immovable property where it lacked complete particulars of the nature, date, and receipt of cash. The assessee's statement during search was not treated as an admission of on-money, and the purchasers on oath denied any cash over and above the registered sale price. The statutory presumption attached to seized material was treated as rebuttable; once the registered sale deeds and purchaser statements were produced, the burden shifted to the Revenue to bring independent corroboration. In the absence of forensic or other supporting evidence, the addition could not be sustained and the deletion was upheld. en-us Wed, 26 Apr 2023 00:00:00 +0530 Thu, 25 Jun 2026 18:24:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469633 A loose seized paper, by itself, could not justify an addition for alleged cash consideration on sale of immovable property where it lacked complete particulars of the nature, date, and receipt of cash. The assessee's statement during search was not treated as an admission of on-money, and the purchasers on oath denied any cash over and above the registered sale price. The statutory presumption attached to seized material was treated as rebuttable; once the registered sale deeds and purchaser statements were produced, the burden shifted to the Revenue to bring independent corroboration. In the absence of forensic or other supporting evidence, the addition could not be sustained and the deletion was upheld. Case-Laws Income Tax Wed, 26 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469633