https://www.taxtmi.com/caselaws?id=796688 Unexplained investment under Section 69 was deleted where confirmations, tax returns, financial statements, ledger accounts, bank records and fund-flow evidence established the source and movement of funds, including direct banking-channel payments to the property seller. Once this initial burden was discharged, contrary material was required to treat the investment as unexplained. Cash deposits under Section 69A were treated as explained to the extent supported by disclosed professional, interest and rental income, since disclosed cash cannot ordinarily be taxed again merely on bank deposit. However, insufficient records supported the opening cash balance, so only 50% of that balance remained taxable as unexplained money. 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 Unexplained investment under Section 69 was deleted where confirmations, tax returns, financial statements, ledger accounts, bank records and fund-flow evidence established the source and movement of funds, including direct banking-channel payments to the property seller. Once this initial burden was discharged, contrary material was required to treat the investment as unexplained. Cash deposits under Section 69A were treated as explained to the extent supported by disclosed professional, interest and rental income, since disclosed cash cannot ordinarily be taxed again merely on bank deposit. However, insufficient records supported the opening cash balance, so only 50% of that balance remained taxable as unexplained money. Case-Laws Income Tax Tue, 04 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796688