https://www.taxtmi.com/caselaws?id=795192 Unauthenticated loose sheets seized from a third party cannot, without cogent independent corroboration, establish understatement of sale consideration or unexplained investment. Registered sale-deed terms, banking records and tax deduction records supported the disclosed consideration, while the loose sheet lacked signatures, a verified author and date, and status as a regular accounting record. Material discrepancies between its cheque details and consideration figures and the documented transaction further undermined reliability. In the absence of seller enquiries, evidence of receipt of additional consideration or a cash trail, suspicion could not replace proof; the unexplained-investment addition was therefore deleted. en-us Wed, 17 Jun 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:27:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795192 Unauthenticated loose sheets seized from a third party cannot, without cogent independent corroboration, establish understatement of sale consideration or unexplained investment. Registered sale-deed terms, banking records and tax deduction records supported the disclosed consideration, while the loose sheet lacked signatures, a verified author and date, and status as a regular accounting record. Material discrepancies between its cheque details and consideration figures and the documented transaction further undermined reliability. In the absence of seller enquiries, evidence of receipt of additional consideration or a cash trail, suspicion could not replace proof; the unexplained-investment addition was therefore deleted. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795192