https://www.taxtmi.com/caselaws?id=795134 Advance sale consideration evidenced by a seized agreement, receipt and subsequent registered conveyance is intrinsically connected with the property transfer and cannot simultaneously be treated as unexplained money where its nature and source have been identified. If taxable, it is relevant to capital-gains computation as suppressed sale consideration in the year of transfer. The applicability of proceedings under section 153C depends on the date of initiation of the underlying search or requisition; the later receipt of seized material by the other person's Assessing Officer only determines abatement of assessment years. A challenge to approval under section 153D requires cogent material showing mechanical approval or lack of application of mind. en-us Wed, 17 Jun 2026 00:00:00 +0530 Fri, 17 Jul 2026 08:37:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795134 Advance sale consideration evidenced by a seized agreement, receipt and subsequent registered conveyance is intrinsically connected with the property transfer and cannot simultaneously be treated as unexplained money where its nature and source have been identified. If taxable, it is relevant to capital-gains computation as suppressed sale consideration in the year of transfer. The applicability of proceedings under section 153C depends on the date of initiation of the underlying search or requisition; the later receipt of seized material by the other person's Assessing Officer only determines abatement of assessment years. A challenge to approval under section 153D requires cogent material showing mechanical approval or lack of application of mind. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795134