https://www.taxtmi.com/caselaws?id=470791 An alleged cash payment for property purchase cannot be treated as unexplained investment solely on Investigation Wing information without supporting documents or an identified third-party statement. Banking records and confirmation established that the only transaction with the developer was a refundable security deposit paid by cheque for a proposed tenancy in a later financial year. The existence of premises linked to the developer did not prove cash payment in the relevant year. The unexplained-investment addition was therefore deleted. en-us Wed, 26 Mar 2025 00:00:00 +0530 Sun, 09 Aug 2026 23:30:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470791 An alleged cash payment for property purchase cannot be treated as unexplained investment solely on Investigation Wing information without supporting documents or an identified third-party statement. Banking records and confirmation established that the only transaction with the developer was a refundable security deposit paid by cheque for a proposed tenancy in a later financial year. The existence of premises linked to the developer did not prove cash payment in the relevant year. The unexplained-investment addition was therefore deleted. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470791