https://www.taxtmi.com/caselaws?id=798408 Unexplained-investment addition under Section 69 could not be sustained where the cash-payment computation incorrectly treated the stated total purchase cost as consideration paid in addition to the registered value, available funds explained the actual cash payments, and no corroborative evidence established unexplained investment. Rural agricultural land was not a capital asset for capital-gains purposes where, for Assessment Year 2011-12, distance had to be measured from municipal limits existing on the relevant notification date rather than subsequently expanded limits. Diversion of land at the purchaser's request did not alter its agricultural character for the transaction. Consequently, no taxable unexplained investment or capital gain arose. en-us Mon, 13 Jul 2026 00:00:00 +0530 Mon, 07 Sep 2026 08:48:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798408 Unexplained-investment addition under Section 69 could not be sustained where the cash-payment computation incorrectly treated the stated total purchase cost as consideration paid in addition to the registered value, available funds explained the actual cash payments, and no corroborative evidence established unexplained investment. Rural agricultural land was not a capital asset for capital-gains purposes where, for Assessment Year 2011-12, distance had to be measured from municipal limits existing on the relevant notification date rather than subsequently expanded limits. Diversion of land at the purchaser's request did not alter its agricultural character for the transaction. Consequently, no taxable unexplained investment or capital gain arose. Case-Laws Income Tax Mon, 13 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798408