https://www.taxtmi.com/caselaws?id=470896 Cash-deposit addition for alleged unexplained deposits was unsustainable where documentary material evidenced that the assessee's wife received funds under an agreement to sell, transferred them to the assessee, and the amount was deposited in the bank account. Non-registration and subsequent cancellation of the agreement did not, by themselves, disprove the receipt. In the absence of positive evidence contradicting the explanation, the addition was deleted; only a small balance amount remained unexplained. en-us Fri, 28 Mar 2025 00:00:00 +0530 Wed, 12 Aug 2026 21:28:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470896 Cash-deposit addition for alleged unexplained deposits was unsustainable where documentary material evidenced that the assessee's wife received funds under an agreement to sell, transferred them to the assessee, and the amount was deposited in the bank account. Non-registration and subsequent cancellation of the agreement did not, by themselves, disprove the receipt. In the absence of positive evidence contradicting the explanation, the addition was deleted; only a small balance amount remained unexplained. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470896