https://www.taxtmi.com/caselaws?id=796688 Section 69 requires an assessee to satisfactorily explain the nature and source of an unrecorded investment. The notes state that confirmations, tax records, financial statements, bank records and fund-flow evidence can establish the source and movement of property-purchase funds; absent cogent contrary material, such investment should not be treated as unexplained. They further state that disclosed professional, interest and rental income later deposited in bank accounts should not be taxed again as unexplained money. However, an opening cash balance requires contemporaneous support, such as a cash book or other records; an unsupported portion may remain taxable under Section 69A. en-us Tue, 04 Aug 2026 00:00:00 +0530 Sat, 08 Aug 2026 08:32:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796688 Section 69 requires an assessee to satisfactorily explain the nature and source of an unrecorded investment. The notes state that confirmations, tax records, financial statements, bank records and fund-flow evidence can establish the source and movement of property-purchase funds; absent cogent contrary material, such investment should not be treated as unexplained. They further state that disclosed professional, interest and rental income later deposited in bank accounts should not be taxed again as unexplained money. However, an opening cash balance requires contemporaneous support, such as a cash book or other records; an unsupported portion may remain taxable under Section 69A. Case-Laws Income Tax Tue, 04 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796688