https://www.taxtmi.com/caselaws?id=470089 Addition for unexplained cash used as an advance to purchase immovable property was examined against the assessee's claimed sources. Accumulated savings from a long-running coconut trading business were partly accepted. However, alleged receipts from the wife and parents lacked supporting evidence, and the absence of income-tax returns prevented acceptance of the full explanation. The addition was therefore restricted, with relief granted for the balance amount. en-us Fri, 14 Mar 2025 00:00:00 +0530 Wed, 15 Jul 2026 18:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470089 Addition for unexplained cash used as an advance to purchase immovable property was examined against the assessee's claimed sources. Accumulated savings from a long-running coconut trading business were partly accepted. However, alleged receipts from the wife and parents lacked supporting evidence, and the absence of income-tax returns prevented acceptance of the full explanation. The addition was therefore restricted, with relief granted for the balance amount. Case-Laws Income Tax Fri, 14 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470089