https://www.taxtmi.com/caselaws?id=470748 Unexplained-money additions require the Assessing Officer to test a prima facie source explanation through independent enquiry and establish that the assessee owned unexplained funds. Cash advances linked to notarised, unregistered land-sale and purchase agreements could not be treated as unexplained money where the explanation was supported by agreements, cancellation and return of an advance, and was not rebutted by evidence. Unexplained-investment additions likewise require proof that an investment was actually made; an addition based on an incorrect computation and an unsupported assumption, without evidence of property transfer or payment, cannot stand. The impugned additions were deleted. en-us Wed, 26 Mar 2025 00:00:00 +0530 Thu, 06 Aug 2026 19:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470748 Unexplained-money additions require the Assessing Officer to test a prima facie source explanation through independent enquiry and establish that the assessee owned unexplained funds. Cash advances linked to notarised, unregistered land-sale and purchase agreements could not be treated as unexplained money where the explanation was supported by agreements, cancellation and return of an advance, and was not rebutted by evidence. Unexplained-investment additions likewise require proof that an investment was actually made; an addition based on an incorrect computation and an unsupported assumption, without evidence of property transfer or payment, cannot stand. The impugned additions were deleted. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470748