https://www.taxtmi.com/caselaws?id=795192 An unauthenticated loose sheet seized from a third party cannot, without cogent independent corroboration, establish understatement of property consideration or unexplained investment. The registered sale deed, banking records and tax deduction records supported the disclosed consideration, while the loose sheet lacked signatures, identified authorship and date, was outside regular books, and conflicted materially with documented transaction details. As no enquiry from sellers, evidence of on-money receipt, or cash trail was produced, suspicion could not replace proof. The article notes that the unexplained-investment addition was 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 An unauthenticated loose sheet seized from a third party cannot, without cogent independent corroboration, establish understatement of property consideration or unexplained investment. The registered sale deed, banking records and tax deduction records supported the disclosed consideration, while the loose sheet lacked signatures, identified authorship and date, was outside regular books, and conflicted materially with documented transaction details. As no enquiry from sellers, evidence of on-money receipt, or cash trail was produced, suspicion could not replace proof. The article notes that the unexplained-investment addition was deleted. Case-Laws Income Tax Wed, 17 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795192