https://www.taxtmi.com/caselaws?id=471617 Cash deposits arising from the sale of rural agricultural land were satisfactorily explained by registered sale records, the sale agreement, cash received instead of the cheque recorded in the sale deed, and additional sale consideration. As the land was not a capital asset and sale income was exempt, the stated sale proceeds constituted an acceptable source for both deposits. No addition as unexplained money was sustainable where the Revenue did not dispute the land's rural agricultural character or the exempt nature of the sale income. en-us Tue, 08 Apr 2025 00:00:00 +0530 Thu, 10 Sep 2026 20:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471617 Cash deposits arising from the sale of rural agricultural land were satisfactorily explained by registered sale records, the sale agreement, cash received instead of the cheque recorded in the sale deed, and additional sale consideration. As the land was not a capital asset and sale income was exempt, the stated sale proceeds constituted an acceptable source for both deposits. No addition as unexplained money was sustainable where the Revenue did not dispute the land's rural agricultural character or the exempt nature of the sale income. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471617