https://www.taxtmi.com/caselaws?id=470971 Unexplained-source addition for property payments cannot be sustained merely because earlier recorded bank withdrawals preceded the payments by a time gap. Where withdrawals are not shown to have been used for another purpose and the taxpayer also relies on business income and LIC maturity proceeds, the explanation requires consideration on the facts. Only a limited unexplained component remained assessable, while the balance addition was deleted. en-us Fri, 28 Mar 2025 00:00:00 +0530 Mon, 17 Aug 2026 08:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470971 Unexplained-source addition for property payments cannot be sustained merely because earlier recorded bank withdrawals preceded the payments by a time gap. Where withdrawals are not shown to have been used for another purpose and the taxpayer also relies on business income and LIC maturity proceeds, the explanation requires consideration on the facts. Only a limited unexplained component remained assessable, while the balance addition was deleted. Case-Laws Income Tax Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470971