https://www.taxtmi.com/caselaws?id=795134 Advance sale consideration evidenced by a seized agreement, receipt and subsequent registered conveyance cannot be assessed as unexplained money where the material establishes its connection with the property transaction. The receipt may instead be relevant, if taxable, to capital gains computation as suppressed sale consideration in the year of transfer. The notes further state that section 153C applicability depends on the date of search initiation, while the date seized material reaches the other person's Assessing Officer only determines abatement of assessment years. A section 153D approval challenge 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 cannot be assessed as unexplained money where the material establishes its connection with the property transaction. The receipt may instead be relevant, if taxable, to capital gains computation as suppressed sale consideration in the year of transfer. The notes further state that section 153C applicability depends on the date of search initiation, while the date seized material reaches the other person's Assessing Officer only determines abatement of assessment years. A section 153D approval challenge 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