https://www.taxtmi.com/caselaws?id=796328 Property-investment additions were unsustainable where bank records, donor evidence, the spouse's verified financial capacity, and fixed-deposit encashment records explained the purchase consideration, while disclosed business income reasonably explained registration expenses. The delay in filing the first appeal was supported by sufficient cause in light of the taxpayer's circumstances and lack of professional guidance. A disputed stamp-duty valuation could not be treated as fair market value while a Departmental Valuation Officer reference remained unresolved and the explanation for lower consideration had not been addressed. The appellate delay was condoned, and additions for unexplained investment and stamp-duty value difference were deleted; the assessment-validity challenge remained open. en-us Thu, 30 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796328 Property-investment additions were unsustainable where bank records, donor evidence, the spouse's verified financial capacity, and fixed-deposit encashment records explained the purchase consideration, while disclosed business income reasonably explained registration expenses. The delay in filing the first appeal was supported by sufficient cause in light of the taxpayer's circumstances and lack of professional guidance. A disputed stamp-duty valuation could not be treated as fair market value while a Departmental Valuation Officer reference remained unresolved and the explanation for lower consideration had not been addressed. The appellate delay was condoned, and additions for unexplained investment and stamp-duty value difference were deleted; the assessment-validity challenge remained open. Case-Laws Income Tax Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796328