https://www.taxtmi.com/caselaws?id=796400 Loose papers and a retracted search statement are described as insufficient, without independent corroboration, to establish undisclosed on-money receipts from flat sales where reconciliations, purchaser affidavits, sale deeds and audited accounts support the explanation. Cash deposits during demonetisation recorded in unrejected books and sourced from disclosed business receipts are treated as explained, avoiding double taxation. Partners' capital credits arising from an accepted Income Declaration Scheme, 2016 declaration are described as explained where reflected in audited financial statements and not disproved. The notes emphasise the need for evidence of actual undisclosed receipts or an independent source of deposits. 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 Loose papers and a retracted search statement are described as insufficient, without independent corroboration, to establish undisclosed on-money receipts from flat sales where reconciliations, purchaser affidavits, sale deeds and audited accounts support the explanation. Cash deposits during demonetisation recorded in unrejected books and sourced from disclosed business receipts are treated as explained, avoiding double taxation. Partners' capital credits arising from an accepted Income Declaration Scheme, 2016 declaration are described as explained where reflected in audited financial statements and not disproved. The notes emphasise the need for evidence of actual undisclosed receipts or an independent source of deposits. Case-Laws Income Tax Mon, 27 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796400