https://www.taxtmi.com/caselaws?id=470134 An addition for alleged unaccounted cash payment towards purchase of a flat cannot rest on an estimated on-money component without incriminating material proving payment in the assessee's specific transaction. Material and statements obtained during the developer's search did not establish actual unaccounted consideration for the relevant purchase. The Revenue bears the burden of proving income or expenditure actually accrued, received, or incurred; general estimates and presumptions cannot substitute transaction-specific evidence. The notes state that the addition was directed to be deleted in favour of the assessee. en-us Mon, 17 Mar 2025 00:00:00 +0530 Thu, 16 Jul 2026 19:02:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470134 An addition for alleged unaccounted cash payment towards purchase of a flat cannot rest on an estimated on-money component without incriminating material proving payment in the assessee's specific transaction. Material and statements obtained during the developer's search did not establish actual unaccounted consideration for the relevant purchase. The Revenue bears the burden of proving income or expenditure actually accrued, received, or incurred; general estimates and presumptions cannot substitute transaction-specific evidence. The notes state that the addition was directed to be deleted in favour of the assessee. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470134