https://www.taxtmi.com/caselaws?id=796400 Additions for alleged on-money receipts from flat sales require independent evidence of actual undisclosed consideration; loose papers and a promptly retracted search statement were insufficient where reconciliations, purchaser affidavits, sale deeds and audited accounts supported the explanation. The additions were deleted. Cash deposits recorded in unrejected audited books and sourced from business receipts already offered to tax could not be treated as unexplained, as this would result in double taxation; those additions were deleted. Partners' capital credits arising from an accepted and final Income Declaration Scheme, 2016 declaration, reflected in audited accounts, could not be treated as unexplained without contrary material; the addition was deleted. en-us Mon, 27 Jul 2026 00:00:00 +0530 Wed, 05 Aug 2026 08:48:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796400 Additions for alleged on-money receipts from flat sales require independent evidence of actual undisclosed consideration; loose papers and a promptly retracted search statement were insufficient where reconciliations, purchaser affidavits, sale deeds and audited accounts supported the explanation. The additions were deleted. Cash deposits recorded in unrejected audited books and sourced from business receipts already offered to tax could not be treated as unexplained, as this would result in double taxation; those additions were deleted. Partners' capital credits arising from an accepted and final Income Declaration Scheme, 2016 declaration, reflected in audited accounts, could not be treated as unexplained without contrary material; the addition was deleted. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796400