https://www.taxtmi.com/caselaws?id=798019 Cash-deposit additions under Section 69A were considered unsustainable where prior returns, cash-flow statements and statements of affairs established an opening cash balance exceeding the deposits. The disclosed availability of cash supported deletion of the addition. For property acquired below stamp-duty value, an addition under Section 56(2)(x) was considered unsustainable when the purchaser disputed the valuation, substantiated the stated consideration and sought reference to the Departmental Valuation Officer. Proper valuation through that reference was required before determining any valuation-difference addition, resulting in deletion of both additions. en-us Wed, 19 Aug 2026 00:00:00 +0530 Tue, 01 Sep 2026 08:26:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798019 Cash-deposit additions under Section 69A were considered unsustainable where prior returns, cash-flow statements and statements of affairs established an opening cash balance exceeding the deposits. The disclosed availability of cash supported deletion of the addition. For property acquired below stamp-duty value, an addition under Section 56(2)(x) was considered unsustainable when the purchaser disputed the valuation, substantiated the stated consideration and sought reference to the Departmental Valuation Officer. Proper valuation through that reference was required before determining any valuation-difference addition, resulting in deletion of both additions. Case-Laws Income Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798019