https://www.taxtmi.com/caselaws?id=469998 An addition for unexplained investment in immovable property was found unsustainable where the Revenue relied on a general seller's statement and did not produce cogent, specific or corroborative material linking the assessee to any cash payment over and above the registered sale consideration. The assessee's explanation was accepted in part, but the remaining addition lacked a legally sustainable evidentiary foundation and rested on surmises and conjectures. The addition was deleted in favour of the assessee. en-us Wed, 12 Mar 2025 00:00:00 +0530 Sat, 11 Jul 2026 15:03:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469998 An addition for unexplained investment in immovable property was found unsustainable where the Revenue relied on a general seller's statement and did not produce cogent, specific or corroborative material linking the assessee to any cash payment over and above the registered sale consideration. The assessee's explanation was accepted in part, but the remaining addition lacked a legally sustainable evidentiary foundation and rested on surmises and conjectures. The addition was deleted in favour of the assessee. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469998