https://www.taxtmi.com/caselaws?id=799217 Unrebutted valuation findings confirming that declared property sale and purchase values matched fair market value preclude unexplained-money additions under section 69A; the additions were deleted. Failure to obtain an audit attracts penalty under section 271B where taxpayers neither plead nor establish reasonable cause arising from circumstances beyond their control; the penalties remained intact. The valuation determination therefore governs the property-value issue, whereas the absence of proved reasonable cause sustains the audit-default penalties. en-us Mon, 31 Aug 2026 00:00:00 +0530 Fri, 18 Sep 2026 07:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799217 Unrebutted valuation findings confirming that declared property sale and purchase values matched fair market value preclude unexplained-money additions under section 69A; the additions were deleted. Failure to obtain an audit attracts penalty under section 271B where taxpayers neither plead nor establish reasonable cause arising from circumstances beyond their control; the penalties remained intact. The valuation determination therefore governs the property-value issue, whereas the absence of proved reasonable cause sustains the audit-default penalties. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799217